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McRae: ESG Sows Trouble for Mississippi Farmers | State Treasury of Mississippi
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Newsroom McRae: ESG Sows Trouble for Mississippi Farmers I’ve talked a lot recently about the impact of Environmental, Social, and Governance (ESG) standards on Mississippi’s investments, citizens’ college savings accounts, and the state’s pension system. But the truth is that the effects of these politically correct metrics won’t stop at the state government’s doorstep. This March, the U.S. Securities and Exchange Commission (SEC) proposed new ESG-related standards that would require publicly traded companies to report their carbon footprint. Most concerningly, some companies would not only have to report their direct emissions, but those of their suppliers and consumers as well. This upstream and downstream reporting requirement would be particularly devastating to Mississippi’s agriculture industry. Many publicly traded companies rely...
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