The California Public Employees’ Retirement System (CalPERS) has developed a 2030 Sustainable Investment Strategy that aims to put the pension fund on a pathway to a net-zero portfolio by 2050.
As CalPERS hopes to accelerate the transition to a low-carbon economy through more selected investments in high-emitting sectors, the Sustainable Investment Strategy posits an aim to invest more than $100 billion toward climate solutions by 2030.
As part of the strategy, subject to fiduciary duty and investment analysis, CalPERS would develop a process to exit certain securities for companies without credible net-zero plans, meeting documents show.
With the strategy, CalPERS is seeking to increase its portfolio resilience, to generate outperformance, to implement a thoughtful path to net zero, to promote greater inclusion and representation in the financial industry and the global economy, and to build and promote efficient and equitable financial markets through advoca