Florida Governor further prohibits woke ESG considerations from state investments
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Those updates to the Florida Retirement System Pension Plan policy and SBA corporate governance proxy voting guidelines build on actions taken last year to clearly define the factors fiduciaries are to consider in investment decisions, ensuring that ESG is prohibited from consideration.
ESG considerations will not be tolerated here in Florida
“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.”
“Thanks to the leadership of Governor DeSantis, the Florida Cabinet reaffirmed today that we don’t want a single penny of our dollars going to woke funds,” said Chief Financial Officer Jimmy Patronis.
ESG agendas put partisan ideology ahead of financial returns for Florida’s retirees
“As a fiduciary of the State of Florida, I and my fellow trustees have an obligation to make responsible investment decisions on behalf of the beneficiaries we represent — not cater to woke corporate executives trying to force political ideology,” said Attorney General Ashley Moody.
“Through this action today, we will continue to fight back against ESG agendas that put partisan ideology ahead of financial returns for Florida’s retirees.”
In addition to today’s actions, Governor DeSantis has proposed legislationduring the upcoming legislative session to codify the actions taken today and rein in the use of discriminatory ESG practices throughout the financial sector by:
Prohibiting big banks, credit card companies, and money transmitters from discriminating against consumers for their religious, political, or social beliefs.
Barring financial institutions from considering so called “ESG Credit Scores” in banking and lending practices to prevent Floridians from obtaining financial services like loans, lines of credit, and bank accounts.
Permanently prohibiting State Board of Administration (SBA) fund managers from considering ESG factors when investing the state’s money.
Requiring SBA fund managers to only consider maximizing the return on investment on behalf of Florida’s retirees.
The proliferation of ESG throughout America is a direct threat to the American economy, individual economic freedom, and our way of life.
Every day Floridians invest their hard-earned money with the desire to maximize profit and have a secure financial future.
Unfortunately, woke corporate elites continue to institute ESG practices in an effort to promote a radical agenda at a cost to everyday consumers. ■