“In new draft rules posted Monday on the website of the agency that oversees Florida’s pension fund, state investment managers can weigh only the risk or return of an investment when directing the state’s $200 billion in assets.”
That is the problem. Companies lie all the time about costs–particularly ESG problems they do NOT want to include as a possible risk to the STATED returns to possible investors.
We see that problem here in MN. Pipeline company wanted to build a replacement to an existing pipeline. The ESG risks WERE NOT INCLUDED in the ROI analysis. The company has a HISTORY of ignoring ESG costs until forced by the courts.
https://www.minnpost.com/community-voices/2022/08/the-hyperb…
What happens when the company has problems because it can’t manage the ESG risks it ignored historically?