OPERF to transition to a net-zero carbon emission investment portfolio by 2050

Oregon state treasurer Tobias Read has plans to decarbonize the Oregon Public Employee Pension Fund (OPERF) by transitioning to a net-zero carbon emission investment portfolio by 2050.

Read announced he will present the Oregon Investment Council (OIC) with a comprehensive proposal in early 2024 to implement this goal, which aligns with the goals outlined in the Paris Climate Agreement.

The plan will be built around the following four components:

It will include a pledge to achieve net-zero carbon emissions by 2050 or earlier, and outline strategies for achieving that goal. The plan will establish a baseline emissions measurement and key interim targets for managing climate risks, along with methodologies and frameworks to measure progress on meeting those targets and timelines. It will identify opportunities for expanded investments in low-carbon solutions, and recommend ways to drive enhanced engagement with companies to ensure those companies ar