I have heard that many companies are not happy with the negative impacts of DEI on their customers and employees and are getting rid of the programs. Dealing with company ESG scoring should be dealt with first.
Yah, skip the obvious racist BS called DEI. It will be killed off.
A simple ruling that a company’s political beliefs and actions may not be used in any way by any investing organization. That will kill ESG.
Like saying that an insurance company may not consider skin tone. Yeah, they can consider the neighborhood where the person lives. But, not their color.
So, in similar manner no rating agency may propose or use political activity BY THE COMPANY (which is taxed like an individual) to influence their recommendations on investment status. The IRS could do this.