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19 state governors pledge to take action against ‘radical ESG movement’
Investors - MARCH 17, 2023

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19 state governors pledge to take action against ‘radical ESG movement’

by Kali Persall

Governors from 19 “freedom-loving states” have issued a joint policy statement, promising to take action to protect individuals from what they called the “radical ESG movement.”

The group of governors — representing the states of Florida, Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, West Virginia, Utah and Wyoming — has pledged to engage in state-level efforts such as protecting taxpayers from ESG influences across state systems and blocking the use of ESG in all investment decisions at the state and local level, ensuring that only financial factors are considered to maximize the return on investment.

The governors could also take action to ban the financial sector from considering so-called “Social Credit Scores” in banking and lending practices. They also could seek to eliminate consideration of ESG factors by state and local governments when

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