As former President Donald Trump’s social media platform soared to its best month ever, a growing number of Republicans in Congress are expressing concern that the Biden Securities and Exchange Commission may be slow-walking a compliance review to thwart a merger that could inject hundreds of millions of dollars into Truth Social from investors.
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At the inaugural UPS Impact Summit, the shipping company announced they will invest $8.75 million in Atlanta companies in a pledge to advance “ESG [environmental, social and justice agenda], diversity, equity and economic empowerment.”
“UPS is a purpose-driven company. We move goods while also doing good — this is who we are in our hometown and in every community we serve,” UPS Chief Executive Officer Carol B. Tomé said. “I’m proud of our Foundation’s approach to driving social impact here in Atlanta and around the world.”
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From Congress to the statehouse, Republicans are fighting a growing movement to force investments into funds that make decisions based on environmental, social, governance, or political criteria.
The Environmental Social Governance (ESG) movement has prompted the Securities and Exchange Commission to propose a rule requiring companies to report emissions and other climate risk data, while public pension funds like the Thrift Savings Plan are discussing using ESG metrics to govern investment decisions.
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