Professor Mark Kubisch, "State Public Pension Funds Have a Compelled Speech Problem" -- Bloomberg Law
Professor Mark Kubisch's opinion article, "State Public Pension Funds Have a Compelled Speech Problem" is published in Bloomberg Law. The article analyzes public pension fund use of mandatory state employee contributions to advance environmental, social, and governance (ESG) objectives.
Excerpt from "State Public Pension Funds Have a Compelled Speech Problem"
State public pension funds that have invested roughly $3 trillion according to environmental, social, and governance principles are risking more than just their returns. By using public employees’ retirement contributions to advance ESG, public pension funds expose themselves to First Amendment challenges that may cause these funds—and, by extension, state and local governments—significant financial distress.
The complete article may be found at Bloomberg Law