ESG stands for Environmental, Social, Governance. It is a subjective criteria investors use to rate public companies, and now government organizations, on how well they implement ESG standards. In practice, ESG is a political score that, intentionally or not, can result in market participants using economic force to drive a political agenda.
Treasurer Oaks is committed to pushing back against ESG.
Letters
Letters the state treasurer has signed pertaining to ESG:
05/16/2022 - Utah Letter Signed by 23 States to Department of Labor Employee Benefits Security Administration
04/05/2022 - State Financial Officers Foundation Letter to President Biden Regarding Regarding American Energy Production
Market02/14/2022 - Utah Letter Signed By 23 States to Office of the Comptroller of the Currency Principles for Climate-Related Financial Risk Management
02/07/2022 - Utah Letter to FinCEN Regarding Beneficial Ownership Information Reporting Requirements
Treasurer News
Treasurer news pertaining to ESG: