Sec. 1-113.17. Investment sustainability.
132 words·~1 min read·
/il/chapter-40/act-5/1-113-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1-113.17. Investment sustainability. Every retirement system, pension fund, or investment board subject to this Code shall adopt a written investment policy and file a copy of that policy with the Department of Insurance within 30 days after its adoption. Whenever a board changes its investment policy, it shall file a copy of the new policy with the Department within 30 days.
The investment policy shall include material, relevant, and decision-useful sustainability factors to be considered by the board, within the bounds of financial and fiduciary prudence, in evaluating investment decisions. Such factors shall include, but are not 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, as provided under the Illinois Sustainable Investing Act.