North Carolina General Statutes 143-162.6. Use of ESG and ETI prohibited in employment decisions
Terms Used In North Carolina General Statutes 143-162.6
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(a) As used in this section, “environmental, social, and governance (ESG) criteria” or “economically targeted investments (ETI) requirements” means using a set of standards to screen potential investments based upon the perceived impact to the environment and the social relationships between a company’s employees and the community. The term also includes how a company’s leadership is structured in support of those standards.
(b) No State agency, political subdivision of the State, trust, committee, or commission of any political subdivision of the State shall use, enforce, provide data for use in, or otherwise participate in the creation or use of ESG or ETI policies related to hiring, firing, or evaluating employees.
(c) Except as allowed by law, ESG, ETI, or related criteria shall not be considered in the awarding of State contracts. (2023-64, s. 1(a).)