ESG & Investing
Republicans’ ESG Fight With Wall Street Clashes in Small Town Texas
- Texas Senate committee hosting hearing on ESG investing
- BlackRock’s Dalia Blass, State Street’s Lori Heinel to appear
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Executives from two of the world’s largest money managers will descend on a small Texas town Thursday to face questions from state lawmakers about their environmental, social and governance investment policies.
BlackRock Inc.’s head of external affairs Dalia Blass and State Street’s global chief investment officer Lori Heinel will testify in a courthouse in Marshall, Texas, about ESG investment and how it may impact state pensions. Lorraine Kelly, global head of investment stewardship at Institutional Shareholder Services Inc. also is expected to appear. Executives from Vanguard Group Inc. were excused from having to attend.