pensions

Oregon Lawmakers Pass Bill Directing State Pension to Address How Climate Change Threatens Public Workers’ Retirement Savings

Communities across Oregon celebrated passage of Climate Resilience Investment Act

Asset Managers Under Pressure To Do Better On Climate As NYC Pension Lobs Threat

Sierra Club calls on other investors to hold asset managers accountable on climate

Sierra Club Applauds New York City Pensions For Progress On Net-Zero Investment Plan

Comptroller Brad Lander announces pension systems have surpassed interim emissions reduction targets

Second Annual Report Analyzes Major Public Pensions’ Responses To The Climate Crisis In Proxy Voting

Report ranks 32 of the largest and most influential pensions in the U.S.

Advisory: Report To Analyze Major Public Pensions’ Climate-Related Proxy Voting

Report ranks 32 of the largest and most influential pensions in the U.S.

CalPERS Beneficiaries Union Becomes First in the Nation Calling for Exxon Bonds Moratorium

Sacramento, CA – CalPERS beneficiaries testified this week, calling on the CalPERS Board of Directors to commit to no new Exxon bond purchases to protect against financial risk due to climate change.  

Sierra Club Highlights Vital Role of State Treasurers in Managing Climate Risks and Workers’ Savings

WASHINGTON, DC – Ahead of this November’s elections, the Sierra Club is contacting voters across several states—Pennsylvania, North Carolina, Oregon, and Washington—where the office of State Treasurer is on the ballot to educate and mobilize its base around the importance of the role for the climate and workers’ savings.

CalPERS Beneficiaries Testify Calling on Pension Fund to Drop Exxon

SACRAMENTO, CA – Dozens of CalPERS beneficiaries testified September 16, 2024 in front of the CalPERS Board of Directors and more than 2,000 beneficiaries and supporters sent letters to CalPERS’ staff. They are calling on the fund to exit Exxon given the company’s actions against shareholders and the risk continued investment in the company poses to retirement security.

Sierra Club Commends NYC Comptroller Plan to Stop Pensions’ Private Market Fossil Fuel Investments

New York — Today, New York City Comptroller Brad Lander announced a plan to develop a new policy to exclude prospective private markets investments in downstream and midstream fossil fuel infrastructure for the portfolios of three of the City’s public pension systems.

Unions, Community Intensify their Call on CalPERS and CalSTRS to Hold ExxonMobil Accountable

LOS ANGELES –  An unprecedented coalition that includes unions representing a majority of current workers invested in CalPERS, the second largest union representing CalSTRS members and leading environmental groups in California are calling on CalPERS and CalSTRS, the two largest public pension funds in California, to hold ExxonMobil accountable following the company’s lawsuit against shareholders.  

New York City Pension Calls for BlackRock Shareholders to Vote Against Saudi Aramco CEO’s Board Seat

Today, New York City Comptroller Brad Lander announced that the New York City Employees' Retirement System (NYCERS) will use its shareholder power to vote against Amin Nasser, CEO of Saudi Aramco, for a seat on the board of BlackRock, and is urging other shareholders to do so as well.

NYC Comptroller Lander and NYC Public Pension Boards Reach Agreement on Climate Finance Disclosures with JPMorgan Chase, Citi, and Royal Bank of Canada

New York, NY – After successful shareholder engagements, New York City Comptroller Brad Lander and trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems) have reached agreements with JPMorgan Chase, Citi, and the Royal Bank of Canada that the banks will regularly disclose their ratio of clean energy supply financing to fossil fuel extraction financing (Energy Supply Ratio) and their underlying methodology.