Members of the Indiana General Assembly’s House Financial Institutions Committee on February 2 passed a bill that would require the state to remove all pension funds from management by financial firms that support ESG or consider ESG criteria in investments:
“A House committee on Thursday approved a bill requiring the state’s public pension system to divest from and terminate business relationships with firms or funds that use non-financial ‘ESG’ factors in decisions, such boycotting gun manufacturers and fossil fuel companies.
The prohibition is part of a GOP effort to crack down on the environmental, social and governmental framework known as ESG investing.’
