Bloomberg Law
Aug. 23, 2022, 9:05 PM

DeSantis Amps Up ESG Attack, Banning Strategy for State Pensions

Danielle Moran
Danielle Moran
Bloomberg News

Florida Governor Ron DeSantis is the latest Republican politician to take aim at environmental, social and governance investment strategies by eliminating such considerations for the state pension funds.

DeSantis, along with other trustees of the State Board of Administration, passed a resolution on Tuesday that directs fund managers of Florida’s pensions to invest state funds in a way that prioritizes the highest return possible, without considering ESG criteria, according to a statement from the governor.

Ron DeSantis
Photographer: Dustin Franz/Bloomberg

“Corporate power has increasingly been utilized to impose an ideological agenda on the American people through the perversion of financial investment priorities under the ...

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