Washington State Investment Board

Washington State Investment Board releases an engagement or stewardship report detailing the outcomes of its efforts to address sustainability impact topics. Its stewardship policy aligns with the institution’s sustainability strategy, promoting environmental transitions and social best practices. This policy encompasses engagement with clients and other stakeholders, advocacy efforts, and collaborative partnerships.

Furthermore, the financial institution provides disclosure on the amount or proportion (in monetary terms) of its products, services, and capital associated with high-emitting and fossil fuel sectors.

While material issues are considered in ESG factors, there is no evidence that the Washington State Investment Board transparently identifies and prioritises its sustainability impacts based on objective criteria. Recommendations include disclosing third-party assurance of target reporting and linking senior executive remuneration to sustainability targets.

Washington State Investment Board also has an opportunity to monitor scope 3 emissions by category and detail the methodology for footprint calculations and establish a transition plan whilst disclosing emissions reductions that align with interim targets.

While the assessed entity has a publicly available policy statement against discrimination, it does not commit to all four fundamental human rights declared by the ILO. It has opportunities to disclose its methodology for determining a living wage, a policy against bribery and corruption, and to include relevant clauses in contracts. Additionally, it should disclose risks related to ILO fundamental rights in its risk assessment, and mitigate identified risks. The entity is encouraged to identify social risks linked to the net zero transition and provide examples of actions taken regarding salient human rights issues from assessments conducted in the last three years.

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.