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;

Terms Used In Illinois Compiled Statutes 40 ILCS 5/22A-113.5

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.

         (5) provide an overview of all corporate engagement
    
and stewardship activities; and
        (6) include any other information the Board deems
    
necessary.
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