State Regulation of ESG Investment Decision-making by Public Retirement Plans: An Updated Survey - October 2022
Ropes & Gray is actively tracking the rapidly evolving state approaches to regulating ESG investments by state retirement systems. Since last circulating our multi-state survey in August, we have seen a flurry of activity, including state treasury divestitures from a major asset manager and coalitions forming between pro- and anti-ESG states. In addition to both proposed and enacted legislation, we are also seeing state treasurers updating investment policy statements to expressly exclude consideration of ESG factors when making investment decisions. These actions show that states may act in the ESG space even without actually passing new laws.
Stay tuned for the launch of our interactive website dedicated to these regulatory and legislative developments, which will serve as a one-stop resource for state ESG thought leadership and regular updates to our comprehensive state survey. You can also check out our latest podcast ESG and the State Coffers: An Emerging Political Background for additional discussion of state ESG developments.
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Ropes & Gray has a leading asset management, ESG, CSR and business and human rights compliance practice. We offer clients a comprehensive approach in these subject areas through a global team with members in the United States, Europe and Asia. Senior members of the practice have advised on these matters for more than 30 years, enabling us to provide a long-term perspective and depth and breadth of experience that few firms can match.
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