Kansas bill opposing ESG to become law (2023)
| Environmental, social, and corporate governance |
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A Kansas bill aimed at opposing the influence of ESG in state investments will become law. The bill was passed by both houses of the legislature on April 6, but there was some question about whether Gov. Laura Kelly (D) would veto it. Last week, the governor announced that she would not veto the bill, meaning it will now be enacted:
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The law restricts the $24.3 billion Kansas Public Employees Retirement System, Topeka, from entering into any contracts with money managers that consider environmental, social and governance factors. Specifically, the bill prohibits the system from ESG factors involving restrictions in investments in fossil fuel-based energy, nuclear energy, agriculture and lumber production, mining and greenhouse gas emissions, firearms manufacture or sales, facilitating or assisting with abortion or gender reassignment. In Kansas, a bill can become law whether the governor signs a bill or declines to do so. In a statement on Monday, Ms. Kelly said: "Because I have reservations about the potential unforeseen consequences of House Bill 2100 for the state and for local governments, I will allow the bill to become law without my signature." The bill passed the House of Representatives 76-47 and the Senate 27-12 on April 6.[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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