Florida prohibits state retirement system from investing in funds that prioritize ESG

Florida prohibits state retirement system from investing in funds that prioritize ESG

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Gov. Ron DeSantis and the trustees of the State Board of Administration, CFO Jimmy Patronis and Attorney General Ashley Moody passed a resolution last week updating the state’s investment and proxy voting policies for its retirement system and pension plan.
The resolution prohibits state fund managers from investing in funds that comply with the ideological agenda of environmental, social and corporate governance (ESG).
The resolution also calls for an internal review of the state’s governance policies over the voting practices of the Florida Retirement System Defined Benefit Pension Plan.
The vote comes after DeSantis announced in July a new plan...
Source: https://justthenews.com/nation/states/center-square/state-prohibits-florida-retirement-system-investing-funds-prioritize?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators