Illinois State Board of Investment

Climate Impact & Sustainability Data (2023, 2024)

Midwest Investors Diversity Initiative (MIDI) engaged 70 companies, resulting in 95 women and persons of color receiving board appointments; 51 companies adopted a diverse search policy, and 46 publicly disclose board diversity data.
Successful Racial Justice Cohort participation, producing a toolkit of resources for implementing racial justice changes in the financial industry.
Adoption of a policy promoting the utilization of diverse-owned investment banks in private markets, hosting an industry event to foster connections and create partnership opportunities.

Expanded Investment Policy to incorporate material and decision-useful sustainability factors.
Longstanding Diversity Policy to increase access and opportunities for minorities, women, and persons with disabilities.
Responsible Contractor Policy (revised in 2020) to guide contractor selection consistent with fiduciary responsibility and prudence, promoting fair compensation and benefits for workers.

Midwest Investors Diversity Initiative (MIDI) engaged 78 companies, resulting in 114 board appointments of women and people of color; 66 companies adopted diverse search policies, and 58 publicly disclose board diversity data.
Russell 3000 Board Diversity Disclosure Initiative: Over 2,200 companies now disclose board diversity data.
BlackRock Emerging Broker Council: Expanding access and opportunities for diverse-owned broker/dealers.
Inclusion and Partnership in Private Markets: Increased access for diverse-owned investment banks.

Implementation of the Illinois Sustainable Investing Act in 2019, incorporating material and decision-useful sustainability factors into investment decisions.
Responsible Contractor Policy (revised in 2020) guides contractor selection consistent with fiduciary responsibility and prudence.

Balancing fiduciary duty with consideration of sustainability factors.
Managing risks related to environmental, social, and governance factors that can materially impact investment performance.

Utilizing BlackRock Solutions’ Aladdin Risk model for bottom-up risk modeling, incorporating data from MSCI, Sustainalytics, and other providers for sustainability exposures and scores.
Periodic evaluation of sustainability factors to ensure relevance.
Periodic monitoring of investment managers to encourage implementation of sustainability factors.
Engagement with companies to encourage cessation of prohibited activities (e.g., boycott of Israel).