Lawrence Person's BattleSwarm Blog 11/15/2025
Environmental Social Governance (ESG) is a sneaky way for far-left activists to browbeat corporations into supporting far-left social justice warrior causes with company money. Texas passed a law requiring ESG advisors to disclose such fiduciary conflicts of interest, and the SJW set is so mad that they’re suing Texas Attorney General Ken Paxton over it.
Several nonprofit organizations have filed a federal lawsuit against Texas Attorney General Ken Paxton in the U.S. District Court in Austin, challenging the constitutionality of Senate Bill (SB) 2337 by state Sen. Bryan Hughes (R-Mineola) because they say it chills their speech about “value-based investing.”
SB 2337, passed during the 89th Legislative Session, requires a proxy advisory firm to disclose when its recommendations are based on “non-financial factors” or “conflict with other proxy advisory services.”
The lawsuit claims that the Texas Legislature passed the law “to suppress growing shareholder demands that companies consider important issues that can affect long-term performance.”
The three plaintiffs are the Interfaith Center on Corporate Responsibility (ICCR), United Church Funds (UCF), and Ceres.
ICCR is a “coalition of investors” that believes their faith and values should guide their investing decisions. They value advancing causes such as social justice and environmental sustainability, according to the ICCR website.
So they’re social justice warriors who feel corporations should support far-left causes rather than earn shareholders financial returns. No wonder they’re mad.
More:
https://www.battleswarmblog.com/?p=68722
