A raft of laws introduced by several US states hostile to companies that employ environmental, social & governance (ESG) policies in their investment practices face political and legal challenges, leading many bills to become watered down or even fail in the courts.
Various factors go into whether an anti-ESG bill ultimately gets enacted into law, and over the past year the pace of such legislation has picked up, according to the law firm Ropes & Gray which tracks the progress of such bills.