Tennessee Attorney General Jonathan Skrmetti said his consumer protection lawsuit against BlackRock’s Environmental, Social and Corporate Governance (ESG) investing will force the company to disclose if it is mixing ESG factors when making investment decisions instead of focusing on financial factors relative to the rate of return.
Skrmetti filed his lawsuit against BlackRock in December 2023, alleging that the hedge fund has misled consumers in Tennessee about the scale and impacts of its ESG initiatives for several years.