News & Analysis as of

Public Funds Environmental Social & Governance (ESG)

Goodwin

Irreconcilable? The EU’s Article 8 and “Anti-ESG” Investor Demands

Goodwin on

As the market continues to evolve with the dynamics of sustainable finance legislation, managers are often facing challenges in how to best navigate competing investor demand and sentiment on environmental, social, and...more

Holland & Knight LLP

New Florida ESG Law Impacts Rating Agencies, Market Participants, Municipal Issuers

Holland & Knight LLP on

The Florida Division of Bond Finance published a notice (the Notice) on June 29, 2023, providing guidance on Florida House Bill 3 (HB 3), which was signed into law on May 2, 2023, by Gov. Ron DeSantis. HB 3, in part,...more

Holland & Knight LLP

New Florida Law Prohibits Use of ESG Factors in Government Investment and Procurement Decisions

Holland & Knight LLP on

Florida Gov. Ron DeSantis on May 2, 2023, signed into law CS/CS/HB 3, which passed the Florida Legislature during the 2023 regular session and becomes effective on July 1, 2023. CS/CS/HB 3 – now codified at 2023-28, Laws of...more

Mintz - Energy & Sustainability Viewpoints

New ESG Requirements for Banks that Hold Public Funds May Raise Challenging Compliance Issues

Much ink has been spilled about ESG laws and regulations targeted at the investment of public funds, and rightfully so.  Yet, there has been little discussion of novel requirements imposed on banks that simply hold state or...more

Morgan Lewis

FSA Responds to Public Comments on Its ESG Public Fund Guidelines

Morgan Lewis on

The Financial Services Agency of Japan (FSA) published its responses to public comments on the draft version of new guidelines on environmental, social, and governance (ESG) public funds on March 31. This LawFlash discusses...more

Shutts & Bowen LLP

HB-3: An Overview of ESG Factors Relating to Public Funds Investment and Financial Industry Impacts

Shutts & Bowen LLP on

On May 2, 2023, Florida Governor Ron DeSantis signed into law HB 3, also known as “An Act Relating to Government and Corporate Activism (the “Act”). The Act amends Florida Statute provisions relating to (i) deposits and...more

Morgan Lewis

Japan Proposes New Guidelines on ESG Public Funds in Response to ‘Greenwashing’ Concerns

Morgan Lewis on

With a view toward promoting environmental, social, and governance (ESG) investments and building a more sustainable society, the Japan Financial Services Agency (FSA) has proposed new guidelines that define the scope of ESG...more

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