First Report in Response to the Taskforce on Climate-Related Financial Disclosure
In 2020 CalPERS released its first Taskforce on Climate-Related Financial Disclosure report (PDF). The report sets out the goal of CalPERS’ investment strategy on climate change to ensure the portfolio is resilient to risk and positioned for the investment opportunities that the energy transition brings.
With CalPERS’ long-term investment horizon and multiple generations relying on the fund for pension security, CalPERS believes that a shift to a sustainable low-carbon global economy is vitally important to the ability to invest members’ assets and earn the target rate of return. CalPERS strategy of advocacy, engagement, integration, and partnerships is outlined in the report.