Ron DeSantis Prohibits State Fund Managers From Weighing ESG Concerns
View Source | January 17, 2023 11:24 pm
Continue to Article
- In a Tuesday announcement, Florida Governor Ron DeSantis banned fund managers overseeing state assets from accounting for environmental, social, and corporate governance (ESG) considerations when making investment decisions.
- Instead of prioritizing ESG concerns, the governor indicated that state managers need to focus on the financial returns of their investments.
- “We need asset managers to be laser-focused on returns and nothing more,” Chief Financial Officer Jimmy Patronis said in a press release.
Share This Article: