members of MN BBC personally delivered a comprehensive report to Governor Mark
Dayton at the quarterly State Board of Investment meeting documenting the
SBI’s twenty year failure to follow its own international human rights
investment guidelines. MN BBC prepared the report following a two year
examination of internal SBI documents. Those documents revealed that the SBI’s
human rights guidelines, adopted in 1992 by a task force led by then State
Auditor Dayton following pressure from Minnesota’s two largest labor
unions, have failed to prevent the SBI from investing in countries, like
Israel, that are documented human rights violators. According to the
the report, the guidelines have received little more than lip service
from the SBI’s investment managers, exposing the State of Minnesota to
accusations of financial complicity in international human rights violations.
The report concludes with recommendations that would immediately bring the SBI
into compliance, if adopted. Click MNBBC-White
Paper to see the full report.