ESG Factors May Not be Considered by Florida Pension Fund Managers

An August 23, 2022 Florida Governor news release reports that the Trustees of the State Board of Administration (SBA) that day “… passed a resolution directing the state of Florida’s fund managers to invest state funds in a manner that prioritizes the highest return on investment for Florida’s taxpayers and retirees without considering the ideological agenda of the environmental, social, and corporate governance (ESG) movement. This update to the fiduciary duties of the SBA’s investment fund managers and investment advisors clearly defines the factors fiduciaries are to consider in investment decisions and states that ESG considerations will not be included in the state of Florida’s pension investment management practices …” #ESG #PlasticWaste #SingleUsePlastic @GovRonDeSantis