On April 20th, 2021, Florida Governor Ron DeSantis announced the formation of an 18-state alliance to ban Environmental, Social, and Governance (ESG) investing. This move is seen as a major step in the fight against ESG investing, which has been criticized for its lack of transparency and potential to be used as a tool for political agendas.
ESG investing is a form of investing that takes into account environmental, social, and governance factors when making investment decisions. This type of investing has become increasingly popular in recent years, with many investors believing that it can help to create a more sustainable and socially responsible portfolio. However, critics have argued that ESG investing is too vague and can be used to push political agendas.
In response to these concerns, Governor DeSantis has formed an 18-state alliance to ban ESG investing. The alliance includes Alabama, Arizona, Arkansas, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Dakota, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia. These states have agreed to prohibit state pension funds from investing in ESG-related products.
The move by Governor DeSantis has been praised by many who are opposed to ESG investing. They argue that the lack of transparency and potential for political agendas make ESG investing a risky investment strategy. Supporters of ESG investing, however, have argued that the move is misguided and will limit investors’ ability to make socially responsible investments.
Regardless of one’s opinion on ESG investing, Governor DeSantis’ move is a major step in the fight against this type of investing. With 18 states now on board, it is likely that other states will follow suit in the near future. It remains to be seen how this move will affect the future of ESG investing in the United States.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: Plato Data Intelligence: PlatoAiStream
<p>The post Florida Governor Ron DeSantis Announces 18-State Alliance to Ban ESG Investing first appeared on Plato AiStream V2.1.</p>