WA HB2662

Washington State Investment Board must incorporate environmental, social, and governance (ESG) principles when assessing investment risk for public retirement and trust funds

Prohibited investment areas include companies involved in human rights violations, weapons sales violating international law, private prisons, immigration detention services, gross environmental degradation, and tobacco production

Coal-related investments are restricted for companies deriving 10% or more revenue from coal mining or coal-based power generation, or those developing new coal infrastructure

Board must develop proxy voting guidelines recognizing responsible investment principles as business and systemic risks, and support shareholder resolutions that reduce violations of these principles

Annual reporting required on how the board identifies companies implicating responsible investment principles and actions taken to manage associated risks