Become part of the movement for unbiased, accessible election information. Donate today.
South Carolina lawmakers consider bill to prohibit ESG discrimination against agriculture companies (2024)
| Environmental, social, and corporate governance |
|---|
|
| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
South Carolina lawmakers are considering legislation that would prohibit financial services institutions from discriminating against agricultural businesses on the basis of ESG criteria. The bill passed the state House on March 29 and was amended in the state Senate last week:
| “ |
Representative Patrick Haddon of Greenville, South Carolina, is leading a proposal that would prevent financial firms from denying services to agricultural producers for environment, social and governance-related reasons. Those include factors such as limiting greenhouse gas emissions, as well as using fossil fuel-derived fertilizers and oil-powered machinery. GOP officials across the US have attacked ESG for more than two years now, saying the investing and financing strategy furthers liberal goals such as fighting climate change. In January, a dozen agriculture commissioners in GOP-led states, including Iowa, Mississippi and South Carolina, asked banks to provide information explaining how their climate policies impact their lending to farmers. “I don’t want any industry governed by ESG principles,” said Representative Cal Forrest of Saluda, South Carolina, another sponsor of the state’s proposal.[1] |
” |
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.
| |||||||||||||||||||||||
