A blueprint for protecting taxpayers and public funds, particularly public pension systems, from ESG activism and politically-driven investment strategies.
Some public entities are rejecting longstanding fiduciary standards in favor of environmental, social, and governance activist investment strategies that can effectively turn public trusts into political action groups.
What is ESG?
Examine how ESG is spreading, the invovlment of taxpayers’ money, and why treating public pension systems and public trusts as opportunities to support social and political activism directly threatens the interests of all taxpayers.
Model legislation to protect taxpayers, prevent the politicization of public pension systems and ensure public funds are focused on their fiduciary duty to meet the financial needs of plan participants.