DeSantis, lawmakers take on “woke” ESG standards in banking

Florida Governor Ron DeSantis has announced proposals to dismantle environmental, social, and corporate governance (ESG) standards. The proposal seeks to prevent banking institutions from using “social credit scores” in making lending decisions and to prevent ESG from influencing local investment at the state and local governmental levels. The legislation will also include a provision to prevent discrimination from big banks based on a person’s religious, social, or political beliefs. Gov.

 Ron DeSantis announced legislative proposals on Monday that aim to dismantle environmental, social, and corporate governance, otherwise known as ESG standards. The proposal builds upon last year’s measures ordering state fund managers

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