US Pensions Lack Strong Climate Strategies, Sierra Club Says
Only five funds had environmental investment targets in place at the end of last year, according to the study.
A lineman works to restore service in Perry, Florida.
Photographer: Sean Rayford/Getty ImagesMost US pension funds lack a net zero commitment or a credible climate investment strategy policy, according to an analysis by the environmental nonprofit Sierra Club.
Only three of the 29 pension funds reviewed earned strong marks for net zero commitments, while four scored well on climate investment strategies, the report said. Just five funds had set climate investment targets by the end of last year: California Public Employees’ Retirement System; three of New York City’s pension funds, which share a unified climate strategy; the New York State Common Retirement Fund; the Oregon Public Employees Retirement Fund; and the Minnesota State Board of Public Investments.