“Certainly, with the AGs raising the issue at a louder level, it has led many companies and rating agencies to reconsider the use of ESG metrics,” said Cozen O’Connor member Jerry Kilgore.
August 25, 2023 at 02:19 PM
8 minute read
The original version of this story was published on National Law Journal
Legal challenges to state efforts barring companies from basing investment decisions on environmental, social or governance concerns are working their way through courts in Missouri and Kentucky.
Lawsuits in both states claim recent efforts targeting socially conscious investment should be preempted by federal law and may violate the Constitution, arguments rejected by state leaders.
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