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ESG stands for environment, social, and governance. It's a way to track how a company handles risks like climate change, how it impacts the environment, and how it governs itself.
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Gov. Ron DeSantis has signed a bill that will prevent local and state government from investing in companies that use “environmental, social, and governance” ratings, known as ESG.
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Florida will pull $2 billion from the largest asset-management firm in the world over ideological differences, specifically the firm’s use of “Environmental, Social, and Governance” standards --- known as ESG.