Local leaders testify, deliver petition at board meeting as pension gives update on its Climate Act. SACRAMENTO, CA — The Sierra Club’s California Chapter testified at the November board meeting of the California Public Employees’ Retirement System (CalPERS), calling on the pension to better define what it considers “climate solutions” … [continued]
A new UN study has called on regulators to implement proactive policies that build institutional investment frameworks. The study, released only days ahead of a summit to adopt the Sustainable Development Goals (SDGs), was produced by the United Nations Environment Programme Inquiry into the Design of a Sustainable Financial System (UNEP … [continued]
The California State Assembly has passed a bill, SB 185, which will force the state’s two largest pension funds to divest their holdings in thermal coal. SB 185 The bill, which was passed on Wednesday by a vote of 47-27, requires the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement … [continued]
A new report has found that California’s two public pension funds lost over $5 billion over the last year due to investments in the top 200 fossil fuel companies. The report was published by Trillium Asset Management, “the oldest independent investment advisor devoted exclusively to sustainable and responsible investing,” and highlights … [continued]
