Massachusetts S1648 prohibits state retirement systems from investing in companies that use environmentally harmful practices.
Massachusetts S1648 amends the state's General Law to prevent the state employees' retirement system, teachers' retirement system, and local retirement systems from investing in companies that use environmentally harmful practices. Specifically, these systems are barred from investing in any financial institution or investment company that is based in, or whose officers or principals reside in, a state that prohibits its own pension funds from investing in such companies.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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