Gov. Ron DeSantis (R) signed legislation Tuesday that makes Florida the latest state to push back against the consideration of environmental, social and governance factors in investment decisions.
The new law requires state pension managers to seek the best return on investments for beneficiaries. It also codifies a resolution approved last year directing Florida’s fund managers to invest state funds to seek the highest return and without considering ESG factors, and extending the requirement to local governments.
Already a subscriber? Sign in