The Minnesota State Board of Investment is expected to adopt a climate roadmap at its meeting Tuesday.
“We will invest over a billion dollars in energy transition solutions over the next five years, we’ll expand our proxy voting power and we’ll enhance our direct company engagement efforts,” said SBI Executive Director Jill Schurtz. “And it’s those three activities that we think fit squarely within our mission and fiduciary duty.”
The board manages $142 billion in state funds, including more than $90 billion in public employee pension plans. It has periodically faced public pressure to manage those funds in ways that promote social movements. That includes the recent call for divestment from Israel, which protesters are expected to make again at today’s meeting.
The climate roadmap plan is the result of several years of research and analysis of the potential impact of…
