ESG investing is one of the primary reasons why many companies have evolved dramatically in recent years. BlackRock has come under investigation for pushing the ESG agenda.
The investment giant BlackRock, as well as its subsidiaries and affiliates in the state, have been subpoenaed by the Texas legislature for papers pertaining to the institution's promotion of environmental, social, and governance (ESG) practices.
The Texas Senate Committee on State Affairs filed the subpoena last month, asking the committee's sergeant-at-arms or any peace officer in the state to summon BlackRock and affiliated businesses to testify before the committee on December 15. The summoned entities are required to present "books, papers, documents, or other tangible things in the said corporation’s possession, custody, or control" that are connected to "ESG factors" or "ESG integration practices," according to the subpoena.
“The reason the committee is requesting the production of documents is t...