A transparent system will give ESG-conscious investors a leg up in understanding their investments.
The bill is one of several in the states addressing politically charged investment strategies.
Pence claims that ESG elevates "left wing" goals over natural business interests.
Strive Asset Management seeks to counter the influence of investing giants like BlackRock.
Net zero climate policies have forced oil companies to spend more on buybacks than exploration.
Vanguard has been a prime target of protesters fighting for fossil fuel divestments.
The environmental, social and governance movement has changed investing, but not everybody agrees on how.
The state is demanding that more than 140 financial firms disclose their climate policies.
They join Texas Republicans and prominent investors in panning some ESG methodologies.
The phenomenon is evidence of a divergence between conservatives and big business.
Investing to fight global warming won't stop you from getting burned in the bond market.
Even at the millionaire level, broader racial and ethnic disparities persist in ownership of equities.
The Ukraine war is making advisors ask whether ESG is anything more than a marketing gimmick.
Other states are following in Texas's footsteps to punish companies they deem as anti-fossil fuel.
Left-leaning global financial institutions are more frequently clashing with center-right states and voters.
As ESG becomes less meaningful, its investing rationale evaporates.
Funds purporting to be ESG-oriented are holding a lot of Russian assets.
Donor-advised fund investors gifted $331 million worth of digital coins in 2021, Fidelity said.
Market gurus like Jeremy Grantham have also suggested that a bubble may have formed in ESG.
ESG is essentially a tool for mitigating risk, while impact investing is a strategy for investing according to one's values.