Share to Facebook Share to Twitter Bookmark and Share
File #: 2021-2857    Version: 1 Name:
Type: Resolution Status: Action
File created: 7/13/2021 In control: Board of Commissioners
On agenda: 8/24/2021 Final action:
Title: Commission District(s): All A Resolution by the Governing Authority of DeKalb County, Georgia, to Encourage the Pension Board to Add Environmental, Social, and Governance Factors Language to the DeKalb County Pension Plan Investment Policy Statement
Attachments: 1. WALK ON ESG Policy 2021.07.12, 2. PENSION ESG FACTORS Urging Resolution Draft 7.9.2021clean

                                    

Public Hearing:  YES      NO                                                   Department: Board of Commissioners                                     

 

SUBJECT:

Title

Commission District(s): All

A Resolution by the Governing Authority of DeKalb County, Georgia, to Encourage the Pension Board to Add Environmental, Social, and Governance Factors Language to the DeKalb County Pension Plan Investment Policy Statement

Body

 

Information Contact: John W. Manson IV

Phone Number: 404-371-6207

 

PURPOSE:

In 2018, the Pension Board adopted an Investment Policy Statement to provide a framework for ongoing management of the DeKalb County Retirement System. The Board of Commissioners recommend that the Pension Board consider amending the Pension Plan Investment Policy Statement to include language implementing use of appropriate and necessary ESG factors in determining securities selection. The Board of Commissioners also recommends that the Pension Board consider amending the Pension Plan Investment Policy Statement to give discretion to its investment managers to incorporate appropriate and necessary ESG factors into their investment processes as they see fit.

 

NEED/IMPACT:

The DeKalb County Board of Commissioners acknowledges that the Pension Board has an opportunity to invest in companies that strive for appropriate regard for human and environmental welfare to protect the health, safety and welfare of citizens of DeKalb County.

 

FISCAL IMPACT:

N/A

 

RECOMMENDATION:

Recommended Action

To approve the resolution and authorize the chief executive officer to execute all necessary documents....