How California’s Pension Fund is Confronting Climate Change
Climate change isn’t only an environmental issue. It also impacts countless other sectors, including investments. As the largest defined-benefit public pension fund in the United States, CalPERS invests in over 10,000 companies around the world. Returns from these investments help to pay the pensions of more than 2 million beneficiaries and help provide retirement security for those who have dedicated their careers to public service.
In this op-ed, CalPERS CEO Marcie Frost explains how CalPERS uses its voice, shareowner votes, and investment dollars to minimize climate risk to our portfolio and investments. Through efforts including advocacy, engagement, and integration, CalPERS is focused on action-oriented solutions that will help companies reduce their environmental impact while at the same time improve their bottom line.