Loading chat...
MN HF3900
Bill
Status
4/14/2016
Primary Sponsor
Phyllis Kahn
Click for details
AI Summary
-
State Board of Investment must develop climate change risk management strategies for its portfolio investments.
-
Board shall engage with corporate management and use proxy voting to ensure corporate boards include members with expertise in climate change risk management.
-
Board shall ensure external investment managers hired for the portfolio are knowledgeable in climate change-related investment risks and opportunities.
-
Climate change risks and opportunities include physical impacts of climate change, liabilities from physical loss claims, and financial risks from economic activity modifications that may revalue assets.
-
Adds new section 11A.245 to Minnesota Statutes governing climate change risks and opportunities in state investment practices.
Legislative Description
State Board of Investment required to develop climate change risk management strategies.
Last Action
Introduction and first reading, referred to Government Operations and Elections Policy
4/14/2016