Attorneys general from 10 US states, led by Texas AG Ken Paxton, have sent letters to six major financial institutions warning that their DEI and ESG policies could face legal enforcement if they violate state or federal laws, as reported by ESG Dive.
The letters — sent on January 23 to Bank of America, BlackRock, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley — focus on employment and board diversity quotas, supplier diversity programs, and ESG-related proxy voting policies. The targeted firms have 45 days to respond.
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