Florida Gov. Ron DeSantis bans ESG ‘agenda’ from state pension investments

Florida Gov. Ron DeSantis has banned the state’s pension funds from considering so-called environmental, social and governance standards — known as “ESG” — when making investments for retirees.

DeSantis, who has frequently blasted businesses for engaging in “woke” politics, is chairman of Florida’s three-member State Board of Administration and had personally backed a resolution imposing the ban that was passed on Tuesday.

The resolution directs fund managers to instead invest state resources in a way that “prioritizes the highest return on investment” without considering what DeSantis described as the “ideological agenda” of ESG guidelines.