CalPERS to lead committee governing Climate Action 100+

CalPERS has announced that Michael Cohen, COO, has been appointed Steering Committee chair of Climate Action 100+, a global organization of investors working with the world’s largest companies to fight climate change.

Climate Action 100+ represents more than 700 institutional investors engaging companies to improve their climate change governance, cut emissions and strengthen climate-related financial disclosures.

"Our organization played a pivotal role in creating Climate Action 100+," said CalPERS CEO Marcie Frost. "Michael will be a steady hand for the Steering Committee at a crucial moment, one where our fiduciary duty requires swift and substantive action on climate change to ensure long-term value for our members, their families and their retirement security."

The Steering Committee sets overall initiative strategy and is currently chaired by François Humbert of Generali Asset Management. The role rotates