Title	Key Dates	Nature of Action	ESG Category	Summary
S1291: Prohibition on Contracts with Companies Boycotting Certain Sectors	Effective Date 7/1/2024 Adopted 3/25/2024 Introduced 2/7/2024	Legislation	Target Entities That Boycott Certain Industries	■ Prohibits public entities from entering into a contract with a company for goods or services unless the contract contains a written certification from the company that it is not currently engaged in, and will not for the duration of the contract engage in, a boycott of any individual or company because the individual or company: (a) engages in or supports the exploration, production, utilization, transportation, sale, or manufacture of fossil fuel-based energy, timber, minerals, hydroelectric power, nuclear energy, or agriculture; or (b) engages in or supports the manufacture, distribution, sale, or use of firearms. ■ Applies only to contracts: between a public entity and company that has 10+ full-time employees and a value of $100,000+ to be paid at least in part from public funds.
HJM7: Expresses concern over the influence of the United Nations and the World Economic Forum in Idaho	Introduced 2/13/2024	Request for Action	Prohibit Discrimination on Basis of Social Credit or ESG Scores	■ Addressed to the Governor, the U.S. President, and the Idaho Congressional delegation, House Joint Memorial 7 (HJM7) is a request for action (therefore, it does not carry the weight of law) submitted by the House's State Affairs Committee to address concern over proposals supported by the United Nations and the World Economic Forum, including, among other things: (i) the imposition of ESG, or environmental, social, and corporate governance, requirements on businesses that increase regulations, raise costs, and reduce economic freedom for entrepreneurs and businesses; and (ii) the concept of social credit, akin to a credit score for social behaviors, that HJM7 describes as giving the government undue control over individuals' daily lives and punishing those who dissent or hold differing views. ■ HJM7 affirms Idaho's dedication to sovereignty and self-determination, voices concerns about international organizations undermining the state's core values, calls for comprehensive review of agreements and emphasizes commitment to international cooperations while safeguarding citizens' rights.
HB190: Amends existing law to require that credit unions and banks holding state funds not boycott certain industries	Effective date 7/1/2023 Adopted 3/31/2023 Introduced 2/22/2023	Legislation	Target Entities That Boycott Certain Industries	■ Requires credit union, banking corporations, and national banking associations designated as a state depository and holding any deposit of the state funds, on or before beginning to hold such deposits, file with State Treasurer an affidavit containing a certification that the financial institution is not currently engaged in and will not for the duration of the designation in a boycott of any individual or company based on engagement in or support of the fossil fuel, timber, minerals, hydroelectric power, nuclear energy, agriculture, or firearm industries. ■ The state treasurer will revoke the state depository designation of any banking corporation or national banking association it determines to be currently engaged in any of the above prohibited activities.
HB191: Amends and adds to existing law to provide that procurement decisions shall not be based on environmental, social, and governance standards	Effective date 7/1/2023 Adopted 3/23/2023 Introduced 2/22/2023	Legislation	Prohibit Discrimination on Basis of Social Credit or ESG Scores	■ Requires that no contract be accepted or denied by a public entity based on ESG standards. This is limited to contracts that have a value of $100,000 or more to be paid at least in part from public funds.
S1405: Disfavored State Investments	Effective date 7/1/2022 Adopted 3/25/2022 Introduced 3/14/2022	Legislation	Restrict Use of ESG Factors; Focus on Pecuniary Characteristics	■ Prohibits public entities engaged in investment activities from considering ESG characteristics in a manner that could override the prudent investor rule. Allows public entities to offer ESG-preferred investments only if the investments are optional and if sufficient alternatives are offered. ■ Public entities must require investment agents to provide notification if the investment agent adopts a policy or revises a policy related to "disfavored investments" applicable to the public entity's investment. A "disfavored investment" includes investments or investment limitations identified as against the public policy or the state of Idaho by statute, concurrent resolution, or executive order." ■ If voting proxies is delegated to an investment agent, they shall be exercised in the best interests and for the exclusive benefit of the public entity or the beneficiaries of the investment. All voting proxies will be posted quarterly or may be provided subject to a public records request.

Legislation/Guidance in Effect

Past/Inactive Legislation

Contacts