What the official record says
This Act is the Ethical Investment (Crown Financial Institutions) Act . This Act comes into force on the day after the date on which it receives the Royal assent. The purpose of this Act is to provide a framework for socially responsible investment and accountability of investment decisions among Crown financial institutions. This Part amends the Government Superannuation Fund Act 1956. Section 15J(2) is amended by inserting “; and” and adding the following paragraph: the promotion of socially responsible and environmentally sustainable development. Section 15L is amended by inserting the following subsection after subsection (1): The investment policies, standards, and procedures for the Fund must take into account, but are not limited to, the international norms, conventions, declaration