Anti-ESG bill could cut state pension returns by $3.6 billion: Analysis

Legislation pending in Kansas to stop the use of environmental, social or governance considerations by public contractors would reduce state pension system returns by $3.6 billion over 10 years, a new fiscal analysis shows, Reuters reports. The note issued by the state's Division of the Budget on March 7 is the latest to show the challenges facing Republican politicians looking to block or slow the growing use of ESG considerations by businesses and investors.