Arizona House won’t ban banks from using ‘green’ or ‘woke’ scores for loans

PHOENIX — State lawmakers slapped down a bid to tell banks they cannot consider certain social factors when deciding who gets a loan.

On a 29-29 vote Tuesday the House killed legislation that would have barred financial institutions from considering a company’s ESG score when deciding whether to lend it money. The score is an analysis of a firm’s environmental, social justice and governance practices to determine financial risk.