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How not to let anti-ESG rhetoric reshape investment strategies | Trellis The Backlash Didn’t Kill Green Investing. In Fact, It’s Booming. Big Asset Owners Are Leaning Further Into ESG Factors, Says Morningstar Republicans Weigh Rolling Back Anti-ESG Law They Passed Leonard Leo’s Concord Fund Top Funder of Republican AGs Group in 2024 – EXPOSEDbyCMD More Than a Third of Independent Lennar Shareholders Push Homebuilder for Emissions Targets Investment in US renewables hit a record $88B last year Supreme Court: Companies can’t be sued for not disclosing climate risk Why a Portfolio With Low ESG Risk Can Better Withstand a Market Crisis Capital One shareholders urged to approve scope 3 target-setting proposal

Florida Passes Farthest-Reaching Anti-ESG Law to Date

May 27, 2023

On May 2, 2023, Florida’s Governor Ron DeSantis signed into law a bill designed to block the consideration of ESG factors in investment decisions. Going further than similar laws enacted in other states, [1] with the passage of House Bill 3 [2] (“HB 3”), Florida presents itself as a new standard-bearer in America’s anti-ESG movement. In requiring that investment decisions (and proxy voting decisions) for state pension assets be made on the basis of “pecuniary factors” only, the law echoes bills already passed in other states. But HB 3 also limits investment decisions for local governments, trust funds, and the state’s CFO. It prohibits the issuance of any ESG bonds in the state, limits state contracting, redefines what it means to be a qualified public depository, and imposes new external communications disclaimer requirements.

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Filed Under: Florida, Policy, States

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  • How not to let anti-ESG rhetoric reshape investment strategies | Trellis
  • The Backlash Didn’t Kill Green Investing. In Fact, It’s Booming.
  • Big Asset Owners Are Leaning Further Into ESG Factors, Says Morningstar
  • Republicans Weigh Rolling Back Anti-ESG Law They Passed
  • Leonard Leo’s Concord Fund Top Funder of Republican AGs Group in 2024 – EXPOSEDbyCMD

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