Is The ESG Colossus Stumbling?

Is The ESG Colossus Stumbling?

Share to Linkedin Vintage illustration of Colossus of Rhodes one of the Seven Wonders of the Ancient World. The ... [+] Colossus of Rhodes was a statue of the Greek sun-god Helios, erected in the city of Rhodes, on the Greek island of the same name, by Chares of Lindos in 280 BC. Yesterday, leaders of the Florida's House and Senate hailed legislation that would "protect Florida retirement accounts and state investments from financial discrimination by eliminating the consideration of environmental, social, and governance (ESG) investment strategies" and "protect Floridians from being denied loans based on their political or social beliefs." It is perhaps with a special irony that Florida Governor Ron DeSantis announced, on the day before Valentine, his latest legislative proposals against the ESG movement that has ruled investment strategies of the largest corporations in the West for the past several years. The proposals will prohibit fund managers for state and local government in the state from considering ESG factors in any investment decisions. State government entities will not be allowed to request ESG information from suppliers in the procurement process. The governor has been among the leading anti-ESG advocates, barring fund managers for state pension funds last