esg

Indiana lawmakers give approval to anti-ESG investing bill

Associated Press

The bill aims to prevent leaders of the state’s pension funds from investing money with firms that consider environmental, social and governance principles in their investment decisions.

Anti-ESG bill passes state House, would name financial managers Indiana should avoid

Rebecca Thiele

ESGs are policies that consider the environmental or social impacts of their investments.

Bank of America and at least five other large, national banks have said they'll align their lending portfolios with the Paris Agreement on climate change.

Anti-ESG bill passes Indiana House with fewer losses expected for state pensioners

Rebecca Thiele

The Indiana Bankers Association and the Indiana Chamber of Commerce both oppose the bill calling it “anti-free market."

Indiana lawmakers have concerns about financial institutions like JP Morgan Chase because of their climate commitments — despite the fact that Chase, and several other large banks, still invested billions of dollars into fossil fuels in 2022.

Anti-ESG bill could mean lower Indiana pension benefits

Rebecca Thiele

House Bill 1008, aims to cut ties with banks that have certain ESGs or environmental, social and governance policies. These are policies that consider the environmental or social impacts of their investments.

Lawmakers try again to cut ties with banks that divest from coal, study says it could be costly

Rebecca Thiele

House Bill 1008 would make it so investment managers that invest Indiana pension funds with such banks would no longer do business with the state.

Attorney General Todd Rokita said the Indiana Public Retirement System (INPRS) is already banned from incorporating ESG investing strategies under state law.

Rokita takes aim at ESG investing, even as Indiana law already bans it

Brandon Smith

ESG investing is a growing practice in which investors consider the environmental and social impacts of their investments. Several conservative-led states have taken steps to ban it when it comes to investing public dollars.