Overview
94th General Assembly passed HB 1307 in 2023, which became Act 411 an act concerning the regulation of environmental, social justice, or governance scores; to authorize the Treasurer of State to divest certain investments or obligations due to the use of environmental, social justice, or governance related metrics; and for other purposes.
Restricted Financial Institution List
Pursuant to Ark. Code Ann. § 25-1-1006(b)(1), the ESG Oversight Committee hereby gives notice, to all public entities identified by the Committee, that it has determined a list of financial service providers that discriminate against energy, fossil fuel, firearms, or ammunition companies or otherwise refuse to deal based on environmental, social justice, and other governance-related factors. The Treasurer of the State shall maintain on its website a list of those entities as follows:
- Credit Suisse Group AG
- Credit Suisse Securities LLC
- Goldman Sachs & Company LLC
- The Goldman Sachs Group, Inc.
- Nomura Asset Management, Inc.
- Nomura Securities International, Inc.
- Royal Bank of Canada
- RBC Capital Markets
- UBS Group AG
- UBS Securities LLC
- TD Bank
- TD Securities LLC
E.S.G. Oversight Committee
- David Scott-Chairman, Legal Counsel, Arkansas State Treasury
- Tom Lundstrum, Governor Appointment
- John Sinclair, Speaker of the House Appointment
- Steve Cook, Attorney General Appointment
- Mike Frost, President Pro Tempe Appointment
