Legal ESG

ESG Backlash & DEI

Proxy-adviser ESG litigation is becoming a multistate governance fight

ESG Today reports that the attorneys general of Texas, Nebraska, Iowa and West Virginia filed lawsuits against ISS alleging consumer-protection and deceptive-practices violations tied to ESG and DEI-related proxy advice.

BY ESG DESK · MAY 22, 2026 · 1 MIN READ

ESG Today reports that the attorneys general of Texas, Nebraska, Iowa and West Virginia filed lawsuits against ISS alleging consumer-protection and deceptive-practices violations tied to ESG and DEI-related proxy advice. Governance counsel should expect proxy-voting policies, disclosure of ESG factors, conflicts controls and adviser due diligence to become more contentious in the 2026 shareholder cycle.

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