‘Will Not Be Tolerated Here In Florida’: DeSantis Purges ESG From State Retirement System

Florida Republican Governor Ron DeSantis approved measures on Tuesday to prevent the Florida Retirement System Pension Plan from investing in accordance with the environmental, social, and corporate governance movement, also known as ESG.

According to DeSantis’ office, the approval of the resolution will ensure that public fiduciaries “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 ESG movement.

Critics say the philosophy confuses profit maximization with political and social agendas such as reducing carbon emissions or promoting purported racial equity.