Republicans Establish Working Group to Push Back Against ESG Movement

U.S. Rep.-elect Patrick McHenry (R-N.C.) delivers remarks in the House Chamber during the fourth day of voting for Speaker of the House at the U.S. Capitol Building in Washington, on Jan. 6, 2023. Chip Somodevilla/Getty Images

Republican House Financial Services Committee leaders are establishing a first-of-its-kind task group to coordinate their response to numerous environmental, social, and governance (ESG) movement-related ideas.

House Financial Services Committee Chairman Patrick McHenry (R-N.C.), announced the formation of the group on Feb. 3, saying it would be a working group led by Oversight and Investigations Subcommittee Chairman Bill Huizenga (R-Mich.).