Dakota Public Fund Daily Investment News

May 03, 2021

Minnesota State Board of Investments

Plan Assets - $114,367,000,000
Consultant - Aon, Meketa
Field Consultant - Kristen Doyle (Aon), Katie Comstock (Aon), Allan Emkin (Meketa), Neil Rue (Meketa), Gordon Latter (Meketa)
Metro Area - Minneapolis

ESG Update

At the direction of the Executive Director, the SBI Staff have fully implemented investment restrictions that remove as authorized investments publicly traded securities of any company deriving 25% or more of its revenue from thermal coal production, in accordance with the Board’s May 29, 2020 resolution.

As of December 31, 2020, the Combined Pension Funds, Non-Retirement program, and State Cash Accounts no longer hold these securities. Staff provided the SBI’s external investment managers with a list of restricted investments, which Staff will update on an annual basis.

As a committed member of the United Nations backed Principles for Responsible Investment (PRI), in 2021 the SBI will begin annual reporting on the SBI’s progress towards evaluating and confronting sustainability related investment risk. During the reporting process the SBI will compile various data on activities related to ESG risk activities, including various ESG related policies and procedures.

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