Bill
H 1264
Overview: H 1264 - An Act promoting responsible investmentStatus: Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End TimeIntrodu
Overview: H 1264 - An Act promoting responsible investment
Status: Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time
Introduced: February 27, 2025
Purpose and Intent: This legislation aims to encourage more responsible and sustainable investment practices by institutional investors, such as pension funds and endowments, that manage significant public and private assets.
Key Provisions:
- Requires all state-managed pension funds and endowments to develop and implement responsible investment policies
- Mandates the consideration of environmental, social, and governance (ESG) factors in investment decision-making processes
- Establishes a state-level Responsible Investment Board to provide guidance, oversight, and reporting on responsible investment practices
- Directs the state to divest from fossil fuel companies and other industries that fail to meet responsible investment criteria
Affected Parties and Impacts:
- State-managed pension funds and endowments will be required to align their investment portfolios with responsible investment principles
- Private institutional investors may also be influenced to adopt more sustainable investment strategies
- Companies in industries like fossil fuels may face reduced access to capital as a result of divestment efforts
Procedural and Timeline Considerations:
- The bill is currently in the hearing stage, with a rescheduled hearing set for November 18, 2025
- If passed, the responsible investment policies and divestment requirements would be phased in over a 3-year period
Compiled from official sources — confirm details with the bill’s official record.
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