Community Patriots Manatee

Manatee Commissioners
Remove ESG from County Investments and Policies

Manatee Commissioners and Governor DeSantis are not being fooled by this Experiment that is being forced on Corporations, the People and YES even the schools!! 

What is ESG? 

ESG is a new corporate accountability. Their ESG score can be negatively impacted if their company doesn’t adopt “green”/environmentally sustainable practices or doesn’t donate to or reflect the messaging for what are deemed the “correct” social causes. Investors and banks have decided they will use ESG metrics as a tool to determine whether or not they should do business with a company. It is essentially a social credit system which forces companies to fall in line with the demands placed on them or risk losing capital.

Florida Gov. Ron DeSantis is proposing legislation to end financial institutions in the state using “environmental, social, and governance” (ESG) scores to restrict investment decisions dealing with public funds and accounts.

“Our legislative proposal will ensure that financial institutions will no longer be able to discriminate against hard-working Floridians and small businesses on the basis of political, religious or social beliefs,” DeSantis tweeted, outlining the legislative proposal.

The proposal would stop financial institutions from “discriminating against customers for their religious, political, or social beliefs,” such as owning firearms, increasing border security, or increasing the nation’s energy independence.

It also bans financial sector businesses from using “ESG scores” in their banking and lending practices to prevent Floridians from getting loans, lines of credit, or opening bank accounts.

Mike Rahn:

“Are we diverse from all ESG Investments?”

 

Investment Firm: (Deep Blue)

“The Governor is Chief investment officer and we are following the state statute.”

 

Mike Rahn:

“Can we ensure on a local level we are following statue and our investments are not going into those ESG or DEI investments?

I think we should have a resolution in our policy.”

I would like to recommend two things:

#1 – A resolution to support staying out of ESG DE I and put some teeth into it.

#2 – Establish an Investment Oversight Commitee.

 

James Satcher:

“If a fund is an ESG focused investment strategy which is ingenious but insidious that the left has done taking over people’s investments and forcing them to invest into funds that are not looking at the bottom line but they are looking for the spotted cockroach. What moves have you made since DeSantis made his ruling? Once that came down were there a lot of funds that you had to get out of or change direction.”

 

Investment firm (Deep Blue)

“Our funds are treasuries backed by the US government they are just plain Jane investments. Strong companies like Toyota. We also have an approved list.”(Isn’t the Federal Government part of the problem???)

 

Baugh

“Glad for our committee. Sorry if it wasn’t done before we had a board that didn’t want to be involved or ask any questions and did what they were told for many years.”

 

The Commissioners are doing the right thing, looking into investments and making sure they are the right ones!!

Please email them and give your support. ESG has NO Data or Evidence showing that it works. Let’s not be the county guiana pigs that gets taken by this overreach!

Kevin VonOstenbridge

Mike Rahn

Amanda Ballard

Vanessa Baugh

George Kruse

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