Helena, Mon. – Governor Greg Gianforte and the Montana Investment Commission announced today that Montana will invest more than $26 billion in state financial assets rather than advance its political agenda through environmental, social and governance (ESG) announced that it has reaffirmed its commitment to maximizing its revenue. ) investment.
“As Montana invests financial assets, our priority has always been to maximize the benefit of our shareholders, the Montana people,” said Governor Gianforte. “I support the activist trend. We will awaken capitalism through ESG investing.”
Late last year, the Investment Commission revoked the power of state investment managers to vote on state proxies in line with ESG investment decisions.
“The board’s fiduciary duty is to maximize returns regardless of political agendas, social pressures or other non-monetary factors,” said Dan Villa, executive director of the investment committee. Dan Villa) said. “We are open-minded and continue to increase the wealth of Montana based solely on what is in the best interest of the beneficiaries of the assets we invest in.”
The use of ESG prioritizes environmental, social and governance investment principles over traditional investment principles designed to maximize shareholder returns.