Minnesota State Board of Investment (MSBI) is responsible for managing the retirement funds, trust funds and cash accounts for the State of Minnesota. As at September 30, 2020, MSBI had US$ 105 billion of assets under management.
As part of its responsible investment practices, MSBI applies negative screening criteria on companies which derive 25% or more of their revenue from the extraction and/or production of thermal coal. Moreover, MSBI integrates environmental, social and governance (ESG) factors in its active ownership practices. With regards to climate change, the organization has appointed an external consultant to assess its portfolio’s exposure to transition risks and opportunities. Finally, MSBI is part of several ESG-related industry groups, such as the UN PRI, the Ceres Investor Network, Climate Action 100+ and the Thirty Percent Coalition.