Rooting out ESG-based investing is proving to be more difficult than conservatives figured, and early efforts have faltered even in Republican-led states.
State pension managers, banking associations and business groups in more than a half-dozen conservative states have warned that bills to blacklist pro-ESG asset managers and investment funds could cost retirees and hurt local banks.
Mississippi, North Dakota and Wyoming killed anti-ESG bills, and Kansas and Indiana diluted legislation, according to an ESG tracker from law firm Ropes & Gray and an analysis by The Washington Times.
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