DeSantis’ Big Blow To Liberal Companies
DeSantis isn’t backing down.
Florida Governor Ron DeSantis has drawn a line in the sand when it comes to woke corporations who keeps pushing President Biden’s agenda against its own workers and customers.
According to Fox, in a new press release Gov. DeSantis’ office has proposed legislation to target environmental, social, and governance (ESG) standards. DeSantis is aiming to protect liberty and promote free-market economics.
DeSantis’ new legislation aims to “Prohibit big banks, credit card companies and money transmitters from discriminating against customers for their religious, political, or social beliefs.”
The bill will also “Prohibit State Board of Administration (SBA) fund managers from considering ESG factors when investing the state’s money.”
SBA fund managers will also be forced to “only consider maximizing the return on investment on behalf of Florida’s retirees.”
ESG’s give our scores similar to a social credit scoring system and is used by woke corporations and Wall Street investors to push President Biden’s far-left agenda. They are doing all of this without having to pass any laws that have been approved by Congress.
Fox News explained: ESG scores turn market economics on its head, by rewarding companies based on non-financial, non-business metrics that have absolutely nothing to do with supply and demand. For example, one highly influential ESG system promoted by the World Economic Forum rates companies based on their “Percentage of employees per employee category, by age group, gender and other indicators of diversity (e.g. ethnicity).”
This means that a business which has the “wrong” ratio of white workers compared to Hispanic workers would get a lower ESG score.
