WASHINGTON, March 21 (Reuters) - A U.S. House of
Representatives panel has subpoenaed the head of an activist
group that pressures companies over environmental, social and
corporate governance issues to appear for a March 28 deposition,
according to a letter seen by Reuters on Thursday.
The Republican-led House Judiciary Committee is conducting a
probe into whether ESG efforts violate antitrust laws. It has
subpoenaed BlackRock Inc ( BLK ) and State Street Corp ( STT )
for documents and communications as part of the same
investigation.
The committee said it was issuing the subpoena to compel the
deposition of Andrew Behar, the chief executive officer of As
You Sow, as part of its probe into antitrust laws. The group did
not immediately respond to a request for comment.
ESG efforts have faced a backlash from conservative U.S.
politicians in Washington and in various states, who have said
executives were distracted from the goal of making money, even
as environmentally and socially conscious shoppers, business
partners and investors seek ambitious ESG goals.
The panel said it had sought transcribed interviews with
multiple executives with the group, but had only been able to
obtain an interview with Danielle Fugere, the group's president
and chief counsel.
In the interview, Fugere testified that she did not know or
did not recall the answer to the questions posed "well over one
hundred times - including about matters in which she was
personally involved," the letter said.
The committee said it had tried to arrange an interview with
Behar, but the plans collapsed. The group also said it had
provided documents, but the committee said they were
insufficient.
"As You Sow's dilatory tactics, which have persisted for
more than three months after our initial request for this
voluntary interview, have impeded and obstructed the Committee's
legislative oversight efforts," the letter said.