State Investment Policy Adds ESG

What is ESG? Investments that address environmental, social, and/or governance considerations. Often referred to from the corporate side as corporate social responsibility

What state added ESG to its state fund investment policies? Oregon, as long as it doesn’t interfere with

What the state treasurer said: “By formalizing our expectations that ESG is an important facet to consider as we evaluate investment opportunities, we’re saying to the companies and managers we invest in that how you do your work matters. We’re also confirming to staff that improving our understanding of how ESG relates to the bottom line matters, too,”

What did the state  Oregon Investment Council say?  the revised top-down policy should not interfere with the system’s fiduciary duty to its beneficiaries, in deference to advancing a social cause

Chief Investment Officer | Oregon Integrates ESG Formally into Investment Policy