Kansas Attorney General takes stand against ESG use in state pension systems

Attorney General Kris Kobach testified in support of a Senate bill restricting the influence of ESG, or investment campaigns tied to environmental, social and corporate governance interests, because the state pension system should invest for the best possible return rather than consider secondary factors. (Tim Carpenter/Kansas Reflector)


Kansas legislators joined the movement to target investment firms that apply ESG as a litmus test for state pension systems.

State Attorney General Kris Kobach, who last week sued a natural gas supplier over alleged price manipulation during the 2021 winter storm Uri, testified this week in support of the legislation that would prohibit the application of environmental, social and corporate governance.

The Kansas Reflector reported Senate Bill 291 would apply to the $20 billion portfolio of the Kansas Public Employees Retirement System and Kobach testified before the Senate Federal and State Affairs Committee.

Click here for Kansas Reflector