Indiana § 5-10.2-14-2 "ESG commitment"

Indiana Statutes

§ 5-10.2-14-2 — "ESG commitment"

Indiana § 5-10.2-14-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 14ESG Commitment

This text of Indiana § 5-10.2-14-2 ("ESG commitment") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-10.2-14-2 (2026).

Text

(a)As used in this chapter, "ESG commitment" means an action taken or a factor considered by a service provider:

(1)with respect to or including the system's assets; and

(2)with the nonfinancial purpose to further social, political, or ideological interests based on evidence indicating the purpose.

(b)The term defined in subsection (a) includes a commitment to further, through portfolio company engagement or board or shareholder votes, any of the following for nonfinancial purposes beyond the applicable law requirements:

(1)Eliminating, reducing, offsetting, or disclosing greenhouse gas emissions.

(2)Instituting or assessing:

(A)corporate board;

(B)employment;

(C)composition;

(D)compensation; or

(E)disclosure; criteria that incorporate characteristics protected under IC 22-9. (3

Free access — add to your briefcase to read the full text and ask questions with AI

(a) As used in this chapter, "ESG
commitment" means an action taken or a factor considered by a service
provider:
(1) with respect to or including the system's assets; and
(2) with the nonfinancial purpose to further social, political, or
ideological interests based on evidence indicating the purpose.
(b) The term defined in subsection (a) includes a commitment to
further, through portfolio company engagement or board or shareholder
votes, any of the following for nonfinancial purposes beyond the
applicable law requirements:
(1) Eliminating, reducing, offsetting, or disclosing greenhouse gas
emissions.
(2) Instituting or assessing:
(A) corporate board;
(B) employment;
(C) composition;
(D) compensation; or
(E) disclosure;
criteria that incorporate characteristics protected under IC 22-9.
(3) Divesting from, limiting investment in, or limiting the
activities or investments of a company that does any of the
following:
(A) Fails to meet or does not commit to environmental
standards or disclosures.
(B) Engages in, facilitates, or supports the manufacture, import,
distribution, marketing or advertising, sale, or lawful use of
firearms, ammunition, or component parts and accessories of
firearms or ammunition.
(C) Contracts with the United States Immigration and Customs
Enforcement for the provision of federal immigration detention
centers or support services related to the implementation of
federal immigration and border security laws, regulations, and
policies.
(D) Engages in the exploration, production, utilization,
transportation, sale, or manufacturing of fossil fuel based
energy, timber, mining, agriculture, and food animal
production.