State of Wisconsin Investment Board
Created in 1951, the State of Wisconsin Investment Board (SWIB) is responsible for managing the assets of the Wisconsin Retirement System, the State Investment Fund and other state trust funds. During the assessed period the reported number of employees was 298 and assets under management corresponding to USD 156 billion were reported.
Leading practices
The financial institution discloses its operation by country (e.g. by number of employees or revenue).
Risks and opportunities
The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts with business partners. Recommendations include linking senior executive remuneration to specific sustainability targets, monitoring scope 3 emissions by category, and detailing the methodology for footprint calculations. It is advised to establish a transition plan for its operations, supply chain, and portfolio, and to ensure that scope 1-3 emissions align with interim targets. The breakdown of clients and beneficiaries by income group should be disclosed, along with processes to prevent divestment from low-income and lower-middle countries due to sustainability strategies. The risk assessment process should incorporate risks related to ILO fundamental rights for those affected by its products and services, and identify social risks linked to the net zero transition. Additionally, the institution should provide examples of conclusions and actions taken regarding salient human rights issues from assessments conducted in the past three years.
The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts with business partners. Recommendations include linking senior executive remuneration to specific sustainability targets, monitoring scope 3 emissions by category, and detailing the methodology for footprint calculations. It is advised to establish a transition plan for its operations, supply chain, and portfolio, and to ensure that scope 1-3 emissions align with interim targets.
The breakdown of clients and beneficiaries by income group should be disclosed, along with processes to prevent divestment from low-income and lower-middle countries due to sustainability strategies. The risk assessment process should incorporate risks related to ILO fundamental rights for those affected by its products and services, and identify social risks linked to the net zero transition. Additionally, the institution should provide examples of conclusions and actions taken regarding salient human rights issues from assessments conducted in the past three years.
Disclaimer
This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.
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More about the company
- Headquarters
- United States
- Ownership structure
- Government
- Results 2024
- AuM USD 156 billion
- Number of employees
- 298
- Website
- https://www.swib.state.wi.us
