Florida leaders moved forward Tuesday with preventing state pension-fund investment decisions that promote “social, political or ideological interests.”
Gov. Ron DeSantis, Attorney General Ashley Moody and state CFO Jimmy Patronis took aim at investment practices that involve what are known as “environmental, social and governance ratings,” which can include such things as taking into account climate change.
The three Republicans, who serve as trustees of the State Board of Administration, approved a resolution that directed pension-fund managers against using so-called ESG ratings when investing state money.
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