HB1283 –Requiring some ESG reporting and increased ESG investment options in the State’s retirement system.
Prime Sponsor – Representative Duerr (D; 11th District; Bothell) (Co-Sponsor Berry, Ramel, Macri, Doglio, Reed, and Pollet- Ds)
Current status – Referred to the House Appropriations Committee in 2023. Died in committee; reintroduced there in 2024.
Next step would be – Scheduling a hearing.
Legislative tracking page for the bill.

Summary –
The bill would require the State’s Investment Board to report on the climate-related financial risk, the social responsibility, and the establishment and use of proxy voting and corporate governance policies in its private and public portfolios by January 1st 2024, and every three years after that. By 2024, it would have to provide at least three investment options consistent with its environmental, social, and governance policies for individuals participating in self-directed funds. (The options would reflect a range of policy preferences and investment objectives consistent with those ESG concerns to the extent that was consistent with the Board’s fiduciary responsibilities.)