Texas still skeptical about companies claiming to withdraw from ESG commitments

(The Center Square) – Texas’ comptroller remains skeptical about financial institutions recently claiming to have withdrawn from environmental, social and governance investing policies touted as fighting climate change.

J.P. Morgan Asset Management and State Street Global Advisors recently announced they would withdraw from the Climate Action 100+, “an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitter take necessary action on climate change.”