(40 ILCS 5/16-189) Sec. 16-189. Fiduciary report. 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;
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(2) outline the process for regular assessment across
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| 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;
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(3) disclose how each investment manager serving as a
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| fiduciary to the Board integrates sustainability factors into the investment manager's investment decision-making process;
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(4) provide a comprehensive proxy voting report;
(5) provide an overview of all corporate engagement
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| and stewardship activities; and
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(6) include any other information the Board deems
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(Source: P.A. 103-468, eff. 8-4-23.)
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