John,
I want to talk about ESG. It's a political buzzword that gets thrown around a lot. But really, it means investing with an Environmental, Social, and Governance framework in mind.
Simply, we should put our money into organizations that will better our future.
Here in Delaware, this framework is not only relevant to businesses but also to our residents who rely on their savings for retirement and stipend funds.
States like Florida and Texas are letting extreme rhetoric guide their big investments. That's not smart. Even worse — taxpayers will have to shoulder the burden of these bad deals for decades.
These restrictions limit competition, access to high-quality investment managers, and consideration of factors such as climate change. It is disheartening to see that these decisions are often driven by policymakers aligned with short-sighted and short-term gains, particularly those with fossil fuel interests. As the State Treasurer of Delaware, my priority is to protect the financial savings of our residents, and I find these politically motivated decisions deeply disappointing.
ESG measurements are critical to empowering Delaware residents economically. I am glad to say that our state has joined forces with dozens of other treasurers and public fiduciary officers, reaffirming our commitment to protect state investments and retirement funds for the long term.
My role as State Treasurer is to ensure the prosperity of our state, and I firmly believe that embracing ESG considerations is key to achieving that. By doing so, we can contribute to a more sustainable and inclusive economy that benefits all residents of our great state.
John , your opinion is invaluable to ensure your needs are heard in the decision making of our office. Please take a moment to complete this short survey to help us better understand your priorities, and help us shape our future initiatives.
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In service,
Treasurer Colleen Davis
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