Florida Governor DeSantis Signs Anti-ESG Bill Targeting Investments.

Florida Governor Ron DeSantis signed a bill that prohibits state officials from investing public money in environmental, social, and governance (ESG) goals and ESG bond sales. The legislation is one of the most extensive efforts by Republicans against sustainable investing and sends a clear political message from DeSantis, a likely presidential candidate. The law creates questions about how it will operate in practice, and fund managers could face regulatory action if they don't include enough disclaimers. The new law could also deny municipalities access to large pools of ESG-mandated capital.