WASHINGTON—Heritage Action, a conservative grassroots organization with two million activists nationwide, including thousands of Georgians, released the following statement from Georgia State Director James Quarles praising the General Assembly and Governor Brian Kemp for passing and signing HB 481, legislation prohibiting asset managers from making investments based on environmental, social, and governance (ESG) requirements:
“ESG investing fails hardworking Georgians by prioritizing political activism at the expense of financial responsibility. By passing and signing HB 481 into law, the Georgia General Assembly and Governor Kemp are ensuring non-political financial management that puts the interests of Georgians ahead of progressive politicking.
“Heritage Action thanks State Representative John Carson and State Senator Marty Harbin for taking the lead in fighting ESG in Georgia. We applaud Governor Kemp for signing this important legislation and we look forward to working alongside grassroots Americans across the country to protect their savings from ESG.”
The Georgia General Assembly’s passage of HB 481 builds on the nationwide pushback against the harms of the ESG movement. Georgia joins more than 15 states prioritizing Americans’s financial wellbeing over the Left’s political agenda.
BACKGROUND:
Heritage Action: Heritage Action Lauds Passage of Georgia Bill Combatting ESG
The Heritage Foundation: Why Corporate Environmental, Social, and Governance Enforcement Is Self-Reinforcing Scam
Heritage Explains: The ESG Pushback
Heritage Action: ESGHurts.com