Set up a task force on social and environmental practices as cover for collusion
What the document says“The FTC should set up an ESG/DEI collusion task force to investigate firms”
The chapter suggests some firms use environmental, social and governance commitments and diversity programs as what it calls reputational laundering to avoid enforcement of potentially criminal activity. It asks that the task force look particularly at private equity, to see whether the practice is used to meet targets, fix prices or reduce output, and separately that Congress investigate the same question.
What the document actually says“The FTC should set up an ESG/DEI collusion task force to investigate firms”
Set up a team to look into this. It would check whether firms use these goals to fix prices.
Firms often announce green and social goals. The book asks whether some use them as cover. It suspects deals to keep prices up.
No action is recorded against this proposal. That is not evidence that none has been taken. See what the tracker does not yet cover.