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Coalitions and investment experts push for a statutory responsible‑investing framework; SIB cautions on implementation details
Summary
Supporters of SB 6,304 told the Ways and Means Committee that SIB should adopt clear, systematic responsible‑investment standards and proxy‑voting guidance; outside experts said such standards need not harm returns and passive responsible vehicles already exist.
Senate Bill 6,304 would require the Washington State Investment Board to incorporate responsible investment principles into its decision‑making, publish proxy‑voting guidelines aligned with those principles, and report annually on the process and actions taken. Committee staff summarized the bill and said responsible investment principles may address human‑rights violations, environmental degradation, corruption and other serious ethical concerns.
A broad coal…
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