Sec. 15. Development of sustainable investment policies.
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/il/chapter-30/act-238/15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15. Development of sustainable investment policies.
(a)Any public agency or governmental unit should develop, publish, and implement sustainable investment policies applicable to the management of all public funds under its control. The sustainable investment policy may be incorporated in existing investment policies developed, published, and implemented by a public agency or governmental unit.
(b)The sustainable investment policy should include material, relevant, and decision-useful sustainability factors to be considered by the public agency or governmental unit as one component of its overall evaluation of investment decisions. Such factors may include, but are not be limited to:
(1)corporate governance and leadership factors;
(2)environmental factors;
(3)social capital factors;
(4)human capital factors; and
(5)business model and innovation factors.