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Analysis: Proposed curb on ESG investing would cost Indiana $6.7 billion

Posted On: Feb. 8, 2023 10:03 AM CST

Proposed legislation to limit the use of sustainable investment factors by fund managers of the U.S. state of Indiana could cut $6.7 billion from the investment returns of a public pension system there over a decade, a fiscal analysis shows, reports Reuters. According to a Feb. 4 "fiscal impact statement" prepared by the Indiana Legislative Services Agency, which advises lawmakers in the state, the proposed bill's definitions would prevent the pension system "from using outside investment managers who pursue or market ESG investments for other clients.”