Jim Jordan Subpoenas Vanguard and Arjuna Capital in ‘Woke’ Investing ESG Probe

The House Judiciary Committee has issued subpoenas to two major asset managers in relation to an antitrust probe.

Rep. Jim Jordan (R-Ohio) speaks to the press after coming out of Hunter Biden special counsel David Weiss’ closed-door testimony to the House Judiciary Committee in Washington on Nov. 7, 2023. Madalina Vasiliu/The Epoch Times

The Republican-led House Judiciary Committee on Monday, Dec. 11, issued subpoenas to Vanguard and Arjuna Capital, related to the committee’s investigation into whether the companies engaged in environmental, social, and governance (ESG) investing coalitions in ways that violate antitrust laws.

In separate letters to the two investment firms, House Judiciary Committee Chairman Jim Jordan (R-Ohio) expressed frustration that the companies were allegedly dragging their feet in relation to earlier requests for records on how each of the companies advanced their ESG policies.