Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales.
The bill is one of the furthest-reaching efforts yet by U.S. Republicans against sustainable investing efforts, and a clear political message from DeSantis, a likely presidential candidate.
"We want them to act as fiduciaries. We do not want them engaged on these ideological joyrides," said DeSantis just before he signed the bill at a webcast event.worry For instance, fund managers working for agencies like the state's big pension fund would have to include disclaimers in some communications with portfolio companies to make clear they do not reflect Floridians' views.
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