According to an announcement from the office of Florida Governor Ron DeSantis, a new resolution will ensure that public fiduciaries “invest state funds in a manner that prioritizes the highest return on investment for Florida’s taxpayers and retirees without considering the ideological agenda”
“Corporations across America continue to inject an ideological agenda through our economy rather than through the ballot box,” DeSantis said in a press release. “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.”
From The Daily Wire:
The resolution mandates that investment decisions “must be based only on pecuniary factors” that excludes the “consideration of the furtherance of social, political, or ideological interests” and adds that the State Board of Administration “may not sacrifice investment return or take on additional investment risk to promote any non-pecuniary factors.”
DeSantis proposed measures for the new Florida Legislature that would bar financial institutions from “discriminating against consumers for their religious, political, or social beliefs,” as well as prohibit ESG rankings from preventing residents from accessing financial services.
More over at The Daily Wire:
‘Will Not Be Tolerated Here In Florida’: DeSantis Purges ESG From State Retirement System https://t.co/O6NP8mS7Cn
— Daily Wire News (@DailyWireNews) January 19, 2023
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