A ban on green investing has cleared North Carolina’s GOP-controlled legislature as part of a broader Republican crusade against big businesses that champion sustainability and workplace diversity.
The measure, which won final legislative approval Tuesday, bans state agencies from using “environmental, social and governance” standards to screen potential investments, award contracts or hire and fire employees. It also says the state cannot weigh how a company promotes sustainability, engages with its community or structures its leadership to support those goals.
