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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
SENATE BILL 974 By: Jett
AS INTRODUCED
An Act relating to environmental, social, and
governance; defining terms; prohibiting use of
environmental, social, and governance investment
criteria by governmental entities, political
subdivisions, businesses, or persons; prohibiting
certain contracts with certain businesses; providing
for codification; and declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OK LAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 13001 of Title 74, unless there
is created a duplication in numb ering, reads as follows:
A. As used in this section, “environmental, social, and
governance (ESG) criteria” or “economically targeted investment
(ETI) requirements” means using a set of standards to screen
potential investments based on a perceived impact to the
environment, social-oriented relationships with and between
employees and the community, and how company leadership is
structured in support of these standards.
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B. The use of environmental, social, and governance criteria or
economically targeted investment requirements in this state shall be
prohibited. No governmental entity including but not limited to
this state, any state agency, political subdivision, any trust,
committee, or commission of any poli tical subdivision of this state,
and business operating in t his state, or any citizen of this state
or individual within the boundaries of this sta te, shall use,
promote, enforce, provide data for use in, or otherwise participate
in the creation or use of ESG or ETI policies related to hiring,
firing, and evaluation of employees.
C. ESG, ETI, or related criteria shall not be considered in the
awarding of state contracts. Any comp any, organization, or e ntity
vying for a state contract must state that its employees will not be
subject to personal ESG, ETI, or related scoring as a basis of
hiring, firing, and evaluation.
SECTION 2. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take e ffect and
be in full force from and after its passage and approval.
59-1-1673 KR 1/19/2023 11:56:32 AM