The Board passed a resolution at its February 26, 2020, meeting Concerning Environmental, Social, and Governance initiatives. Consistent with its fiduciary responsibility, the Board has determined the following measures be taken:

  • Continue to actively vote proxies in accordance with SBI proxy guidelines, policies, and precedents as approved by the Board.
  • Continue to participate in ESG coalitions and engage with corporations on ESG related issues.
  • Prepare and update a Stewardship Report and other ESG informational materials.
  • Develop and implement plans for reporting and addressing ESG investment risks; to evaluate options for reducing long-term carbon exposure; and to promote efforts for greater diversity and inclusion on corporate boards and within the investment industry.