Prohibited Investment List
Companies listed below have been deemed prohibited from investment through laws set forth in Article 1 of the Illinois Pension Code and approved by the Illinois Investment Policy Board.
The following lists are being revised: Iran Restricted Companies, Sudan Restricted Companies, and Expatriated Entities.
Belarus Restricted Companies
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Belarus Restricted Companies |
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**Pursuant to Public Act 102-1108, codified as 40 ILCS 5/1-110.16 (the "Act"), the Illinois Investment Policy Board adopted the vendor's Belarus Divestment list of 1 entity to be posted on the website for 60 days with language indicating their status as a restricted company pursuant to the Act. On the 61st day, the indicated entity shall be automatically posted on the prohibited list without the notice language.
Companies that Boycott Israel
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Companies that Boycott Israel |
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*Denotes the company is currently in talks with the IIPB on the issue
Expatriated Entities
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Expatriated Entities |
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*Denotes the company is currently in talks with the IIPB on the issue
Iran Restricted Companies
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Iran Restricted Companies |
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*Denotes the company is currently in talks with the IIPB on the issue
Russia Restricted Companies
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Russia Restricted Companies |
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**NOTICE OF PRELIMINARY DESIGNATION AS RESTRICTED COMPANY
Pursuant to Public Act 102-1108 (40 ILCS 5/1-110.16), the Illinois Investment Policy Board has adopted the vendor's initial Russia Divestment list of 472 entities and continues to adopt subsequent vendor suggestion lists identifying entities with operations or investments restricted under the Act. Your company has been preliminarily designated as a "restricted company" based on its inclusion on such a list and is currently marked with double asterisks (**) on the Board's website at https://iipb.illinois.gov.
60-Day Appeal Period: You have 60 days from this notice to submit an appeal, clarification, or supporting documentation if your company has ceased the restricted activity or has been improperly identified. Without remedial action or a successful appeal, your company may be formally designated as "restricted" on the 61st day and may be added to the state's prohibited investment list.
Contact Information: Submit appeals or questions to the Board at iipb@mkgamble.com or visit https://iipb.illinois.gov for appeals process details, frequently asked questions, and meeting information.
Shelter Migrant Children Restricted Companies
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Shelter Migrant Children Restricted Companies |
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Sudan Restricted Companies
**Pursuant to 40 ILCS 5/1-110.17, the Illinois Investment Policy Board submitted written notification to the General Assembly on September 9, 2021, indicating an intent to cease divestment actions relating to Sudan-restricted companies. As the required statutory one-year notice period has expired, as of October 1, 2022, the Illinois Investment Policy Board has ceased all actions to require divestment, identify restricted companies, or prohibit transactions relating to Sudan-restricted companies. A copy of the letter is available on the IIPB website.