Project 2025 Tracker / What’s done, what’s next

22. Department of the Treasury · Notable

Reverse U.S. support for ESG and Principles for Responsible Investment

Partially done

709 22. Department of the Treasury

“It should reverse support for international public- (and private-) based efforts promoting Environmental, Social, and Governance and Principles for Responsible Investment, both of which have badly damaged U.S. energy security.”

What has happened

  1. Partially done

    Treasury withdrew from the Green Climate Fund and its Board, the Secretary saying "our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction". A second international body left.

  2. Partially done

    Treasury left the main international body promoting environmental factors in financial supervision. On January 30, 2025 the Federal Insurance Office notified the Network of Central Banks and Supervisors for Greening the Financial System that it was withdrawing its membership, saying the withdrawal implements the executive orders Putting America First in International Environmental Agreements and Unleashing American Energy, that "NGFS was organized to help to meet the goals of the Paris Agreement, from which the United States withdrew", and that "NGFS's initiatives are inconsistent with this Administration's priorities".

Research log

What was searched, and what didn’t count as evidence

Research notes

partial and not done because the Quote names two classes of effort — public and private — and the Principles for Responsible Investment specifically. The PRI is a private investor initiative that the United States government does not belong to and cannot leave; no Treasury instrument addresses it, and nothing in the window reverses United States support for ESG in private markets. What Treasury did is leave two intergovernmental bodies.

The Federal Reserve’s own withdrawal from the NGFS was announced on 2025-01-17, three days before the evidence window opens, and is not counted here.

Action
eliminate
Object
support for ESG and the Principles for Responsible Investment
ID
2002