On Aug. 23  the governor, along with trustees of the State Board of Administration (SBA), passed a resolution directing Florida's fund managers to make investments that do not involve the ideological agenda of the ESG.

"Corporate power has increasingly been utilized to impose an ideological agenda on the American people through the perversion of financial investment priorities under the euphemistic banners of environmental, social, and corporate governance and diversity, inclusion, and equity," said DeSantis said in a written statement.

"With the resolution, we passed today, the tax dollars and proxy votes of the people of Florida will no longer be commandeered by Wall Street financial firms and used to implement policies through the board room that Floridians reject at the ballot box."

At a July 27 press conference in Tampa, the governor said that most Americans were not aware of what ESG was and what the goal is of "leveraging corporate power to impose an ideological agenda on society." He promised to do something about it.

Morgan Stanley Capital International (MSCI), an investment research firm in New York, described ESG as "investing as the consideration of environmental, social and governance factors alongside financial factors in the investment decision-making process."