North Dakota Legislature hears concerns about ESG credit factors

Photo by: North Dakota Legislature
Photo by: North Dakota Legislature

(Bismarck, ND) -- North Dakota lawmakers are hearing about concerns related to the state's environmental, social, and governance credit factors.

State Treasurer Thomas Beadle told legislators Tuesday that ratings from the S and P Global ESG Credit Indicator Report ranked North Dakota as neutral for social and governance factors.

The state was ranked as moderately negative for environmental factors and noted as a 'climate transition risk' for the prevalence of oil, gas, and coal use in North Dakota.