For the 2023 Term

Florida’s Governor Announces Initiatives “to Protect Floridians from ESG Financial Fraud”


By Funds Society, Miami

Autor: Marcelo Soba

  1. DeSantis will work with likeminded states "to leverage the investment power of state pension funds through shareholder advocacy to ensure corporations are focused on maximizing shareholder value, rather than the proliferation of woke ideology"
  2. Governor DeSantis’ proposed legislation for the 2023 Legislative Session will prohibit big banks, credit card companies and money transmitters from discriminating against customers for their religious, political, or social beliefs; prohibit State Board of Administration (SBA) fund managers from considering ESG factors when investing the state’s money and Require SBA fund managers to only consider maximizing the return on investment on behalf of Florida’s retirees