SB737/HB750: Address ESG Factors aims to tackle the use of Environmental, Social, and Governance (ESG) criteria by state agencies and state pension plan fiduciaries. There is a growing concern about the increasing use of ESG criteria to influence state investments and employment decisions. SB737 and HB750 are an essential step towards ensuring that state agencies and pension plan fiduciaries act solely in the best interest of the participants and beneficiaries. The bill prohibits the use of ESG and economically targeted investments (ETI) criteria in employment decisions and restricts their use in awarding state contracts.
While some argue that ESG and ETI policies are necessary to promote social or environmental goals, we believe they create a slippery slope toward government intervention and favoritism. Such policies can lead to misallocation of resources and potentially harm the very constituents they are meant to protect.
Civitas Action believes these bills will ensure that state agencies and pension plan fiduciaries act in the best interest of the taxpayers and pension plan beneficiaries, promoting fiscal responsibility and limited government principles.
Civitas Action believes the vote for freedom is YES on SB737 & HB750!
Civitas Action is a 501(c)(4) non-profit that educates and informs North Carolinians on policy issues and the actions of their elected officials.