In April 2021, the ABA Board of Directors approved the following language for the new investment policy:
The American Booksellers Association’s intention is to invest in socially responsible companies. The investment managers are asked to base investments on valuations and earnings growth and to also consider company performance with regard to socially responsible investing criteria, as determined by the board under periodic review and in a manner consistent with the association’s ends policies. The investment managers are asked to bring existing or potential investments in companies that do not perform well based on these criteria to the board’s attention for review.