ANALYSIS: Most of Top Climate-Affected States Restrict ESG (1)

The growing interest in ESG and a DOL rule that sought to clarify the application of fiduciary duties to investments that incorporate ESG goals have spurred an influx of state legislation on the role of ESG factors in investment decisions.

Because this legislation spans states that are geographically and politically diverse, I was curious about whether climate-affected states tend to propose legislation that weighs ESG factors and criteria favorably.

To answer that question, I looked at the ESG investment legislation proposed this year in the 10 states with the highest estimated total climate-related damages from Q1 to Q3, according to ...