HB2782 mandates that every investment manager must annually disclose how they incorporate sustainability factors into their investment processes. This includes detailing how they integrate sustainability into decision-making, analysis, portfolio construction, due diligence, and investment ownership.
The Illinois State House of Representatives passed HB2782 on March 23, 2023 by a vote of 79 to 26. We have assigned pluses to the nays because this is another example of government interfering in the lives of its citizens by strong-arming investment managers to force people into investing in “woke” companies and businesses. The free market should control how people invest their money, and the government should not monitor private commerce.