On Monday, Florida Governor Ron DeSantis announced legislation that would protect Floridians from banks from using Environmental, Social, and Governance (ESG) social credit scores in how they lend.
DeSantis said ESG has become a “mechanism to inject political ideology into investment decisions, corporate governance, and really just the everyday economy,” Florida’s Voice reports.
“That is not ultimately something that is going to work out well for us here in Florida,” DeSantis added.
The ban would prevent large banks and financial institutions from discriminating against individuals based on their political, religious, and social values.
DeSantis said, “Your pension money, your retirement money, is likely invested in some of these funds, and those funds should be done to try to produce the best result …