The House Judiciary Committee sent subpoenas to two asset managers Monday as a part of a probe alleging collusion over the adoption of left-wing environmental, social and governance goals, known as ESG.
Rep. Jim Jordan, R-Ohio, chairman of the committee, sent subpoenas to Vanguard Group Inc. and Arjuna Capital ordering the companies to hand over documents and communications related to possible violations of antitrust laws through a collusion agreement to promote ESG policies in the broader economy, according to a House Judiciary Committee announcement.
The subpoenas, which follow requests from July and August for the two companies to produce the documents, deem their previous responses to be “inadequate.”
“Corporations are collectively adopting and imposing progressive environmental, social, and governance [ESG]-related goals, and The Vanguard Group Inc….
