The Office of the City Treasurer has added the following ESG/RI guidelines to the current Investment Policy. This addition will be published on the Office of the City Treasurer's website and will be available to the public.
Sustainability factors shall be integrated into the City Treasurer’s investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, minimize projected risk, and more effectively execute the office’s fiduciary duty.
Sustainability factors may include, but are not limited to, the following:
(1) Corporate governance and leadership factors.
(2) Environmental factors that may have an adverse or positive financial impact on investment performance.
(3) Social capital factors that impact relationships with key outside parties, which may impact investment performance.
(4) Human capital factors that recognize that the workforce is an important asset to delivering long-term value.
(5) Business model and innovation factors that reflect an ability to plan and forecast opportunities and risks, and whether a company can create long-term shareholder value as provided under the Illinois Sustainable Investing Act, 30 ILCS 238/1 et seq.
Sustainability factors may be analyzed in a variety of ways, including, but not limited to: (1) direct financial impacts and risks; (2) legal, regulatory, and policy impacts and risks; (3) against industry norms, best practices, and competitive drivers; and (4) stakeholder engagement.