{"id":11775,"date":"2023-02-14T21:34:01","date_gmt":"2023-02-14T21:34:01","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=11775"},"modified":"2023-02-14T22:39:28","modified_gmt":"2023-02-14T22:39:28","slug":"arizona-drops-support-for-anti-esg-measures","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/arizona-drops-support-for-anti-esg-measures\/","title":{"rendered":"Arizona Drops Support for Anti-ESG Measures"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-11775\" data-postid=\"11775\" class=\"themify_builder_content themify_builder_content-11775 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Arizona will no longer participate in investigations into banks and other financial institutions over ESG investing practices, according to a statement from the state\u2019s new Attorney General, Kris Mayes.<\/p>\n\n\n\n<p>Under the administration of Republican former Governor Doug Ducey, Arizona had adopted or participated in a series of anti-ESG initiatives, including revising the investment policies of the State Treasurer\u2019s Office to disallow the use of ESG factors in the investment process, and in August, Mayes&#8217; predecessor Mark Brnovich joined 18 other Attorneys General in <a href=\"https:\/\/www.texasattorneygeneral.gov\/sites\/default\/files\/images\/executive-management\/BlackRock%20Letter.pdf\">publishing a letter accusing BlackRock<\/a> of acting with \u201cmixed motives\u201d in its pursuit of an anti-fossil fuel and pro-net zero agenda.<\/p>\n\n\n\n<p>In her statement Monday, Mayes, a Democrat elected in January, said that she believes \u201cit is not the place of government to tell corporations and their investors that they cannot invest in sustainable technologies and practices or improve their governance processes.\u201d<\/p>\n\n\n\n<p>Criticizing the time and resources spent by her predecessor\u2019s administration \u201claunching politicized investigations into the environmental sustainability efforts of major financial institutions,\u201d Mayes said that the state \u201cis not going to stand in the way of corporations\u2019 efforts to move in the right direction.\u201d<\/p>\n\n\n\n<p>Mayes added:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cCorporations should be permitted to access capital markets in ways that they feel are necessary for the advancement of their investor objectives and for society, as long as they are doing so in a lawful manner. Corporations increasingly realize that investing in sustainability is both good for our country, our environment, and public health and good for their bottom lines.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Arizona will no longer participate in investigations into banks and other financial institutions over ESG investing practices, according to a statement from the state\u2019s new Attorney General, Kris Mayes. Under the administration of Republican former Governor Doug Ducey, Arizona had adopted or participated in a series of anti-ESG initiatives, including revising the investment policies of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[31,2,30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arizona Drops Support for Anti-ESG Measures - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/arizona-drops-support-for-anti-esg-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona Drops Support for Anti-ESG Measures - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Arizona will no longer participate in investigations into banks and other financial institutions over ESG investing practices, according to a statement from the state\u2019s new Attorney General, Kris Mayes. 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