Alert to an Expanding Right-Wing Effort
[Image alt text: As You Sow banner with logo and image of dark mountains. A stamp says Update.]Dear John,
I’m writing to alert you to the far right’s escalating work to derail ESG investing in general and demonize As You Sow in particular. And today, we are asking for your help < [link removed] > .
The latest attack is coming from the Attorneys General of 21 red states. They just wrote a letter to major asset managers like BlackRock and Vanguard telling them to stop acting as though the future of the planet mattered. The letter mentions As You Sow an astounding 38 times!
The right is reacting to shareholders’ success in holding corporations accountable. They’re reacting to As You Sow’s impact specifically. They are afraid of progress, and they clearly see us as a threat.
A gift will support the work < [link removed] > that so upsets them. It will give us the resources to counter this risk-creating, anti-ESG crusade.
As a close friend to As You Sow, you understand better than most what we’re working to accomplish. There’s been a low-level murmur of anti-ESG sentiment from the right for years. But the messaging dramatically ratcheted up, was labeled “anti-ESG,” and for the first time includes a broad range of actions intended to destroy ESG investing and derail corporate progress on climate and social justice.
The AGs’ letter argues that any attention to achieving the most basic of climate actions violates the asset managers’ fiduciary duty. It accuses asset managers of potential illegality for encouraging banks and insurance companies to stop financing and insuring fossil fuels. It attacks the entire concept of any environmental, social, or governance (ESG) consideration in investment decisions.
We must show them that no amount of noise, no matter how loud or well-funded, can derail the critical role of ESG in investment decision making. Support As You Sow today < [link removed] > and use your voice to protect progress on the issues that affect each of us. You can help make safe and just investing possible for all.
If you have any questions or would like to discuss these attacks in depth, let’s schedule a time to connect. I’d love to talk. And, as always, thank you for your continued support!
For the future, [Image alt text: Signature of Andy Behar] Andy Behar
CEO, As You Sow
Donate < [link removed] >
As You Sow’s 30+ year track record promoting corporate responsibility spans a broad range of the most important environmental and social issues facing corporations, investors, and citizens today, including climate change, ocean plastics, pesticides, racial justice, workplace diversity, and executive compensation. Click here to donate. < [link removed] > < [link removed] > < [link removed] > < [link removed] > < [link removed] >
As You Sow
2020 Milvia St
Suite 500
Berkeley, CA 94704
Mailing address:
Main Post Office
PO Box 751
Berkeley, CA 94701
[Image alt text: Charity Navigator Four Star emblem and Candid Platinum emblem]DISCLAIMER: As You Sow is not an investment advisor, nor do we provide financial planning, legal or tax advice.The content of our programming, publications and presentations is provided for informational and educational purposes only, and should not be considered as information sufficient upon which to base any decisions on investing, purchases, sales, trades, or any other investment transactions. We do not express an opinion on the future or expected value of any security or other interest and do not explicitly or implicitly recommend or suggest an investment strategy of any kind.
Copyright © 2023, All rights reserved.
You're getting this email because you've signed up for email updates.
Click here to update your preferences or unsubscribe. < [link removed] >
