State Investment Board tells Ways and Means it manages roughly $230 billion and uses ESG tools while citing fiduciary limits Washington State Investment Board officials told the Senate Ways and Means Committee that SIB manages about $230 billion, primarily in pension funds, relies heavily on passive index vehicles to control fees, and integrates ESG considerations through proxy voting and stewardship while warning that imposed divestment mandates could raise costs.

The Washington State Investment Board is managing a staggering $230 billion in public funds while navigating the complex balance of maximizing returns and integrating sustainability practices.

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