Yahoo News reports:
Florida Gov. Ron DeSantis (R) moved to prohibit state-run fund managers from taking environmental, social or governance (ESG) factors into consideration when making investments.
“Corporations across America continue to inject an ideological agenda through our economy rather than through the ballot box. Today’s actions reinforce that ESG considerations will not be tolerated here in Florida, and I look forward to extending these protections during this legislative session,” DeSantis said in a release.
ESG investing considers nonfinancial environmental and social factors, as well as traditional financial metrics, when looking at an investment’s risk and growth potential.
Read the full article.
— The Hill (@thehill) January 17, 2023