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Summit County Government

Posted on: February 28, 2022

Summit County Treasurer Reviews Portfolio to Align With State Sanctions

SCGTreasurer

County ESG Policy Preemptively Thwarts Russian Investments

Contact: Ryne Scholl, Summit County Treasurer

SUMMIT COUNTY (February 28) – The Summit County Treasurer’s office announced today that the office would require no action to align with Governor Polis’ financial sanctions against the Russian government. Treasurer Ryne Scholl completed a review of Summit County’s investments and found no Russian holdings in banks, utilities, or government investments.

“Summit County has zero holdings in Russian state-owned companies, moreover, there are no Russian businesses currently on our approved investment list,” said Ryne Scholl, Treasurer and Public Trustee of Summit County.

In 2020, Summit County divested from all fossil fuel investments and updated the investment policy to incorporate additional ratings factors for Environmental, Social, and Governance Issues (ESG). “The updated policy distanced the Treasurer’s Office from controversial investments where Summit County values were unaligned with business or governmental practices,” said Scholl.

 About the Summit County Treasurer: The Summit County Treasurer’s Office collects all revenues on behalf of public entities which use property tax as a source of revenue. The Treasurer also functions as the County’s banker: Receiving, investing, and disbursing monies in accordance with state statute. The Summit County Treasurer is an elected office, currently held by Ryne Scholl. More information can be found at co.summit.co.us/142/treasurer 

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