Nebraska Just Took a Sledgehammer to the ESG | Political News
Two foreign-owned companies have been quietly operating American boardrooms. Now a coalition of state attorneys basic is transferring to stop them. Nebraska Attorney General Michael Hilgers filed a lawsuit Tuesday against Institutional Shareholder Services (ISS), accusing the firm of pushing climate and DEI agendas on company America while telling its shoppers it was giving them straight, impartial advice. Attorneys basic from at least 17 states are backing the effort.
ISS and its competitor Glass Lewis are proxy advisory companies, companies that inform large buyers, pension funds, and mutual funds how to vote their shares in company elections. Think of them as the companies that quietly resolve how Wall Street votes.
If you’ve gotten a 401(okay), an IRA, or a pension, there’s a good probability ISS has been voting your money. Most Americans have no concept.
Together, the two companies control roughly 97 p.c of that market. Both are foreign-owned. ISS is majority-owned by Deutsche Börse, a German company.
Read More: BlackRock, Vanguard Under Scrutiny Again – This Time Over America’s Food Supply
Another Woke Industry Is Coming to a Screeching Halt in the Age of Trump
Florida Attorney General James Uthmeier, who announced a separate motion this week, called them “unaccountable foreign-owned private corporations” manipulating shareholder votes “behind closed doors.”
According to the criticism, ISS told buyers to vote against company board members at corporations it believed weren’t doing enough on emissions reductions or racial range, while never checking whether or not any of that was truly good for the people whose money was on the line. ISS also allegedly coordinated its suggestions behind the scenes with climate and DEI activist teams, including Climate Action 100+, Ceres, and The Children’s Investment Fund.
“ISS sold Nebraska investors on the promise of objective, independent research,” Hilgers said in a assertion to RedState. “What they were actually getting was advocacy — coordinated with ESG activist organizations, untested against any financial standard, and driven by an ideological agenda that ISS never disclosed. You cannot promise one thing and deliver another in Nebraska.”
ISS’s own staff apparently had doubts. Internal emails quoted in the criticism show employees questioning whether or not the firm’s climate and range analysis was value something.
“I wish we had a better process (and one that didn’t rely so heavily on the opinions of non-experts, frankly),” one worker wrote.
Another inner message acknowledged bluntly:
“ISS ESG data probably isn’t accurate.”
One instance highlighted in the lawsuit concerned Warren Buffett.
In 2021, ISS told buyers to suppose twice about reelecting Buffett to his own board, citing climate considerations, despite Berkshire Hathaway’s stock rising more than 50 p.c over the previous 5 years. Nobody at ISS ran any analysis of what a Buffett-led buyout would possibly do to the stock, the criticism alleges.
A senior ISS official acknowledged as a lot in an inner e-mail:
We’ll most likely contact the range for a second with our cautionary FOR on Buffett, but it’s in line with the other climate risk-driven recs that we have made this 12 months.
Nebraska also alleges ISS was operating a facet business promoting consulting companies to the very corporations it was supposed to be score, without telling shoppers.
The criticism calls it “a health inspector selling cleaning services on the side.”
ISS didn’t reply to a request for remark.
Nebraska is not performing alone. Iowa, Texas, and West Virginia filed their own fits the same day, according to an e-mail to RedState. More than a dozen states have banded together under a Multistate Proxy Advisor Coalition.
Uthmeier’s Florida motion seeks to positive ISS and Glass Lewis, bar them from persevering with their practices, and require them to pay back affected buyers.
They also have the White House behind them. President Trump signed an government order in December 2025 directing federal regulators to go after the proxy advisory industry, calling out ISS and Glass Lewis for utilizing their affect to “advance and prioritize radical politically-motivated agendas.”
West Virginia Attorney General JB McCuskey did not mince phrases in a assertion to RedState.
“ISS has, itself and through its proxies, exerted massive, secretive influence over major portions of our economy, leading to a restructuring of board rooms into political machines designed to destroy coal, gas and many of the values that West Virginians hold dear,” McCuskey said. “That stops today.”
Editor’s Note: Do you take pleasure in RedState’s conservative reporting that takes on the radical left and woke media? Support our work so that we will continue to convey you the fact.
Join RedState VIP and use promo code FIGHT to obtain 60% off your membership.
Stay up to date with the latest developments in politics! Our web site is your go-to source for cutting-edge political news, election updates, authorities insurance policies, political events, marketing campaign methods, and insights into laws. We update our content daily to guarantee you’ve gotten access to the freshest data and analysis on voter rights, public opinion, political analysis, election outcomes, political debates, overseas relations, corruption, activism, and civic engagement.
Explore how these political trends are shaping the future! Visit us frequently for the most partaking and informative political content by clicking right here. Our rigorously curated articles will keep you informed on grassroots actions, worldwide relations, coverage modifications, and constitutional points.


