North Carolina General Assembly Hits Back Against ESG, Passes H750

Press Releases · Jun 14, 2023

WASHINGTON – Heritage Action, a conservative grassroots organization with two million grassroots activists, including thousands of North Carolinians, released the following statement from Janae Stracke, Vice President of Field Operations, commending the North Carolina General Assembly’s passage of House Bill 750, legislation that clarifies fiduciary duty and prohibits asset managers from considering ESG factors when making investment decisions.

“As the Left continues to take over major corporations and use them to force its agenda on the American people, more states are beginning to fight back and pass legislation that protects state funds. With the General Assembly’s passage of House Bill 750, North Carolina becomes the newest state to take a step to combat ESG and ensure public funds are not used to undermine its citizens’ economic interests and values.

North Carolinians deserve to have their savings invested based on the highest financial return, not political agendas. Heritage Action commends the North Carolina General Assembly for taking a first step against ESG and passing House Bill 750. We look forward to working alongside grassroots Americans across the country to protect their retirements and businesses from ESG.”