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About E.S.G.

E.S.G. Oversight Committee


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.

HB 1875 Act 760

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

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