Energy (Coal)

HB 2662 requires Washington's state investment board to integrate environmental, social, and governance principles into managing public retirement and trust funds. It prohibits investments in companies involved in forced labor, coal production, tobacco manufacturing, severe environmental harm, or violations of international humanitarian law, while still prioritizing strong financial returns. The board must annually report on how these principles guide investment decisions and develop proxy voting guidelines to address related risks. This directly affects the board’s management of billions in state funds, including retirement accounts and public trust assets.