HB 3765
Requires the State Treasurer and Oregon Investment Council to implement a system to perform ESG analyses of current and proposed investments, assign personnel to oversee the system and issue an annual report on actions taken pursuant to the system.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Emergency Management, General Government, and Veterans
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires Oregon’s State Treasurer and Investment Council to establish a system for evaluating investments based on environmental, social, and governance (ESG) factors. It mandates the assignment of staff to oversee this system and the publication of an annual report detailing actions taken. Furthermore, the bill prohibits investments in entities found to have violated international law by an international body.
Key provisions
- Establishes a system for performing environmental, social, and governance (ESG) analyses of investments.
- Assigns personnel to oversee the implementation of the ESG analysis system.
- Requires the issuance of an annual report on actions taken under the system.
- Prohibits investments in entities determined to have violated international law.
- Defines ‘Environmental, social and governance analysis’ as considering environmental impacts, social impacts, and corporate governance.
- Lists specific international bodies considered when determining violations of international law.
- Defines ‘International law’ to include a broad range of international treaties and conventions.
- Defines ‘Investment’ broadly to encompass various forms of financial commitments.
Who is affected
- Oregon State Treasurer’s Office
- Oregon Investment Council
- Investors (state and potentially private)
- Entities subject to international law
- International bodies determining violations of international law
Sponsors
Official sponsors from legislative records.
Primary sponsors
James Manning Jr.
Cosponsors
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