Alabama anti-ESG legislation heads to Governor’s desk (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • Economy and Society: Ballotpedia's weekly ESG newsletter |
On May 31, 2023, the Alabama House followed in the footsteps of the state senate, passing a far-reaching bill restricting the use of ESG in the investment of public funds. The bill now goes to the Governor’s desk:
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The Alabama House of Representatives passed legislation Wednesday that would prevent state entities from doing businesses with companies that boycott other businesses for a variety of conservative stances. This includes boycotting firearms companies, producers of fossil fuels, companies that fail to meet certain environmental criteria, and companies that don’t facilitate abortion or gender-affirming care. Sb261 by Sen. Dan Roberts, R-Mountain Brook, is one of several sweeping the country in opposition to environmental, social and governance (ESG) criteria being used by companies to decide who to do business with—some conservatives have called it a “woke report card.” “This bill requires companies that contract with the state to certify that they don’t boycott other companies based on any purpose other than ordinary business purposes,” said Rep. Chip Brown, R-Hollinger’s Island, who carried the bill in the House…. The bill passed 76-27 along party lines and now only needs a signature from Gov. Kay Ivey to become law in the state.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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