§ 22A-113.5 — Fiduciary report

Illinois § 22A-113.5

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 40: PENSIONS
• Act 40 ILCS 5/: Illinois Pension Code.
• Art.: Article 22A - Investment Board

Text

On or before September 1, 2023, and annually thereafter, the Board shall publish its guidelines for voting proxy ballots and a detailed report on its website describing how the Board is considering sustainability factors as defined in the Illinois Sustainable Investing Act. The report shall: (1) describe the Board's strategy as it relates to the consideration of sustainable investment factors; (2) outline the process for regular assessment across the total portfolio of potential effects from systemic and regulatory risks and opportunities, including, but not limited to, sustainability factors on the assets of the plan; (3) disclose how each investment manager serving as a fiduciary to the Board integrates sustainability factors into the investment manager's investment decision-making process; (4) provide a comprehensive proxy voting report; (5) provide an overview of all corporate engagement and stewardship activities; and (6) include any other information the Board deems necessary.

Legislative History

(Source: P.A. 103-468, eff. 8-4-23.)