ESG investing has become increasingly politicized, creating a challenging regulatory landscape across the U.S.
Michael Littenberg, partner and global head of Ropes & Gray’s ESG, CSR and Business and Human Rights practice, told The Legal 500 that large financial institutions and asset managers are primarily caught in the ‘ESG crossfire’ between red and blue states, with many having received subpoenas, being asked to testify, or being placed on blacklists by red states.
Michael noted the importance of tracking short and long-term trends around ESG and pointed to Ropes & Gray’s ESG legislation tracking page, a comprehensive tool to help clients stay up to date on the ongoing developments of ESG investing at state level.
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