CalPERS has announced that its investments in climate solutions had grown to nearly $60 billion as of June 30, a number that represents significant progress toward meeting the $100 billion goal identified in the pension fund’s climate action plan.
Launched in November 2023, the plan lays out a global strategy to generate strong performance on behalf of CalPERS’ members by investing in opportunities created by the global shift to a low-carbon economy. The strategy also seeks to manage climate-related financial risks by investing in activities that improve energy efficiency, support adaptation and resilience, and reduce real-world greenhouse gas emissions.
The $59.7 billion in climate solutions investments in CalPERS’ portfolio currently represents an increase from $47 billion in November 2023. The increase includes both investment appreciation and new dedicated investments in climate solutions.
“In just two years, CalPERS has seen significant growth in
