"2023 ESG STATE LEGISLATION WRAP UP"

In January of 2021, Senate Bill 2291 was introduced into the North Dakota state senate. It was considered, adopted, and signed into law three months later in March of 2021. This bill was the first of what would become scores of environmental, social, and corporate governance (ESG)-related bills considered and, in some cases, signed into law in states across the United States. The 2023 state legislative session was particularly busy with respect to these bills, but now that most of the state legislatures are adjourned or in recess, the legislative activity should slow to a point where investment managers can take stock of the new laws and the pending legislation and assess what, if anything, they should do in response.