summary
Introduced
02/27/2025
02/27/2025
In Committee
03/04/2025
03/04/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act tells the State Treasurer and OIC to take steps to use ESG factors in invest- ment decisions. (Flesch Readability Score: 71.0). Requires the State Treasurer and Oregon Investment Council to implement a system to perform ESG analyses of current and proposed investments, assign personnel to oversee the system and issue an annual report on actions taken pursuant to the system. Prohibits investments in entities that are determined by an international body to have violated international law.
AI Summary
This bill requires the Oregon Investment Council and State Treasurer to implement a comprehensive system for evaluating investments using Environmental, Social, and Governance (ESG) analyses. Specifically, they must develop a process to assess current and proposed investments based on environmental impacts, social consequences, and management practices, assign dedicated personnel to oversee this system, and publish an annual public report detailing their actions. The bill also prohibits investments in entities that have been determined by recognized international bodies (such as the United Nations Security Council or International Court of Justice) to have violated international law. The legislation defines international law broadly, including human rights declarations, Geneva Conventions, and other key international legal frameworks. Additionally, the bill provides detailed definitions for ESG analysis, international bodies, international law, and what constitutes an investment, ensuring a clear and comprehensive approach to ethical and responsible investment practices for state funds.
Committee Categories
Military Affairs and Security
Sponsors (4)
Last Action
Referred to Emergency Management, General Government, and Veterans. (on 03/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3765 |
| Open Government Impact Statement for HB3765 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/86731 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB3765/Introduced |
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