Feb 25

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DeSantis Launches Big Effort to Fight ESG and Rein in Woke Corporations


“On Monday, Florida Governor Ron DeSantis and state legislative leaders announced a sweeping new bill to curb the politicization of corporations and the use of social credit scoring in banking and other financial services in their state. If passed into law, the legislation would become the most far-reaching protection against woke corporations established to date.
“Today’s announcement builds on my commitment to protect consumers’ investments and their ability to access financial services in the Free State of Florida,” DeSantis said during a press conference announcing the bill. “By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy.”
“ESG” stands for “environmental, social, and governance” metrics, a type of social credit scoring system that measures companies’ devotion to non-financial factors, many of which favor left-wing causes.”

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