https://www.theatlantic.com/ideas/archive/2024/01/republicans-woke-capital-esg-investment/677294/
But the ESG front in the right’s war on woke capital is still active. Republican legislators in New Hampshire are now trying to raise the stakes. Earlier this month, they proposed a bill that would order any government agency investing state funds to ensure that no public money goes to investors who manage their funds “with any regard whatsoever based on environmental, social, and governance (ESG) criteria.” More striking, the bill would make it a felony to knowingly violate this order. (The wording of the bill does not attempt to define ESG, aside from using this catchphrase language.) In other words, the bill would effectively criminalize any ESG investments on the state’s behalf.
“Republican legislators in New Hampshire...environmental, social, and governance (ESG) criteria”
I think the legislators are going too far.
In the EU, a big corporation has to pander to EU nutcases.
The criteria for investment avoidance should be avoidance of incompetent hires, apparent inability of corporation management to discern fact from fiction and overt racism against any race, including the Caucasian.
Investment in a violating corporation that loses value in a foreseeable fashion should not be made a felony, but merely grounds for dismissal without pension benefits.