WASHINGTON – Heritage Action, a conservative grassroots organization with two million grassroots activists, including thousands of Hoosiers, released the following statement from Executive Director Jessica Anderson supporting the passage of Indiana HB 1008, legislation that would protect Indiana investments and economic interests from the threat of the woke ESG movement by clarifying the fiduciary duty of those managing the state’s pension funds.
“Environmental, social, and governance policies are the Left’s latest political tool to use businesses and financial institutions to force their progressive ideology on the American people, including in states like Indiana. The Indiana General Assembly can fight back and protect the state’s pensions and investments by passing HB 1008, legislation which would force the financial institutions managing Indiana’s pension funds to fulfill their fiduciary duty and stop investments in political agendas.
ESG policies threaten Indiana retirees and put key state industries at risk, including the energy, manufacturing, and agricultural industries that keep Indiana’s economy thriving. Heritage Action thanks Rep. Ethan Manning for leading the charge against ESG and sponsoring HB 1008. We encourage the bill’s passage in the Indiana House so that Hoosiers can trust their investments and economic interests are protected.”
BACKGROUND:
Heritage Action: ESGHurts.com
The Heritage Foundation: What is ESG?