State treasurers join Christian supremacist effort targeting public investments

The State Financial Officers Foundation (SFOF) has helped the anti-LGBTQ+ hate group Alliance Defending Freedom (ADF) translate a brand of Christian Reconstructionist theology called dominionism into concerns about financial risk.

SFOF argues that billions of dollars in public funds in state pensions and retirement accounts should not be used to invest in publicly traded companies that do not comply with ADF’s worldview.

ADF is engaged in an ongoing crusade to force private businesses to adhere to conservative Christian theology.

SFOF is undermining corporate environmental and diversity policies in its tracks.

The group plans to litigate ESG and DEI out of corporate finance using the principle of fiduciary responsibility.

Hatewatch has previously reported ADF successfully lobbied in Tennessee for a bill based on its “debanking” conspiracy theory in 2023 .

ADF and its allies use conspiracy theories to pressure firms perpetuating ADF’s “debanking” conspiracy theory.

SFOF members sent letters to advisory firms ISS and Glass Lewis perpetuating the theory.

In November , a different VDS adviser, Robert Netzly , CEO of Inspire Investing , praised Oleka for their joint letter.