Louisiana

HR203

Type of Bill
Neutral

Summary of Actions
Action Neutral on Use of ESG

Current Status
Passed House (6/6/2022)

Summary of Legislation
Creates ESG task force to examine factors used to study and make recommendations regarding regulation of the use of ESG criteria in lending and investment practices.

HR246

Type of Bill
Neutral

Summary of Actions
Action Neutral on Use of ESG

Current Status
Passed House (6/6/2022)

Summary of Legislation
Creates ESG study group to study and make recommendations regarding regulation of ESG criteria in lending and investment practices.

HR137

Type of Bill
Pro-ESG

Summary of Actions
Action Promoting ESG Considerations

Current Status
Introduced (5/16/2022)

Summary of Legislation
Requests that the state and statewide retirement systems invest in companies and work with minority fund managers that practice diversity, equity, and inclusion.

HB25

Type of Bill
Boycott

Summary of Actions
Action Prohibiting Investment in Companies that Boycott Energy Companies

Current Status
Introduced (1/28/2022)

Summary of Legislation
Prohibits Louisiana state retirement systems from investing in companies that boycott energy companies.

Treasurer's Statement

Type of Bill
No ESG Investment

Summary of Actions
Action Restricting Use of ESG Considerations

Current Status
Issued (10/5/2022)

Summary of Legislation
Letter from Louisiana State Treasurer (John M. Schroder) to BlackRock indicating that the Louisiana Treasury would liquidate all BlackRock investments by the end of 2022 due to BlackRock's "anti-fossil fuel" policies and support of ESG investing.