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CFO Patronis Issues Statement in Support of Governor DeSantis Fight Against ESG Ratings

7/27/2022

TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis released the following statement in support of Governor Ron DeSantis’ efforts to fight back against Environmental, Social, and Governance (ESG) ratings being pushed on America’s economy and investment strategies by economic activists. The CFO issued a letter to the State Board of Administration (SBA) in June to set expectations that ESG ratings may not be used for Florida investments.
 
Florida Chief Financial Officer Jimmy Patronis said, “For years now, the cult of ESG economic activists has been working overtime to infuse unwanted, woke ideology into the American economic system because they know their social policies wouldn’t pass the sniff test from voters. It’s anti-American, anti-freedom, a deliberate attempt to subvert our democracy and not in the best interest of Florida businesses, retirees, or investors. As an SBA Trustee, I’m proud to stand with Governor Ron DeSantis and the Florida Legislature to fight back on behalf of Floridians and ensure protections against ESG ratings are codified into Florida law. Our teachers, law enforcement officers, and state employees, who have worked their entire lives in service to our state, shouldn’t have their pensions squandered because a business doesn’t align with some woke rating agency’s political beliefs.”
 
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About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).