On November 21, 2013, the District of Columbia Retirement Board (DCRB) adopted and approved this policy regarding evaluating opportunities for the purpose of achieving certain environmental (climate change, industrial waste, sustainability), social (diversity, human rights, animal rights), and governance (management structure, employee relations) (ESG) goals that do not appear to be primarily investment-related (ESG Initiatives).
The Board of Trustees (the Board) may choose to consider ESG Initiatives, provided they are consistent with our obligations to the participants and beneficiaries of the District of Columbia Teachers’ Retirement Plan and the District of Columbia and Police Officers and Firefighters’ Retirement Plan and with the standard of care established by the prudent investor rule. In cases where the investment characteristics, including return, risk, liquidity, and compliance with the Asset Allocation Policy are appropriate, the Board may consider ESG Initiatives that have a substantial, direct and measurable benefit to the economic interests of the Retirement Fund.
You may select and download the document below for the full version of the Environmental, Social, and Governance Policy Statement.
