Tell CalPERS to be Transparent with its Climate Investments!

The California Public Employees’ Retirement System (CalPERS), the country’s largest public pension fund, has committed to investing $100 billion in climate solutions.

While bold, it is unclear what investments are included in the $53 billion that CalPERS is already counting towards this commitment. These climate-forward investments are necessary to move our state’s economy towards a more sustainable and just future, and Sierra Club California wants to ensure these investments are facilitating real-world impacts.

Sierra Club California is organizing alongside environmental, labor, and community organizations to demand that CalPERS be transparent about what investments are included in its climate solutions fund portfolio and be held accountable for ensuring these investments benefit communities and the climate.

Join us and send in a comment today.

If you are one of over two million CalPERS beneficiaries or have a beneficiary in your life, please share that in your comment. CalPERS Board members are most interested in hearing from you as a beneficiary.

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Stop Purchasing Exxon Bonds

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Dear CalPERS Board Members, Thank you for your bold $100 billion commitment to climate solutions. As we head into a time of federal uncertainty and a continuing climate crisis, CalPERS’ commitment to investments in our climate is vital. Your leadership will enable a more sustainable and environmentally just future for Californians, and an economy that continues to provide strong returns for pension beneficiaries. The innovative strategy of this fund means that getting that balance right will be an ongoing process, and one that stakeholders must be a part of. It is concerning that there are several major greenhouse gas emitters included in the Climate Action Plan. Not only is the inclusion of fossil fuel companies–which have no place in a list of climate solutions–concerning, their inclusion raises further questions about CalPERS’ overall strategy. In particular, we are concerned about how CalPERS defines climate solutions, and how it will measure the success and impact of this strategy on reducing real-world carbon emissions and climate risk. To build a more robust portfolio of climate solutions investments, CalPERS should: -Adopt strong, science-based definitions of climate solutions -Exclude companies on the Carbon Underground 200 list -Annually disclose methodology and investments in all asset classes -Commit to ongoing engagement with CalPERS plan participants and stakeholders to share updates and continue refining best practices CalPERS can maintain its fiduciary responsibility while investing in climate solutions that will have positive impacts on our climate and communities facing environmental injustice. January’s wildfires showed that now is the time for bold climate leadership, and we know that CalPERS is capable of implementing strong guidelines to ensure its climate action plan will have the impact needed to meet the moment. Sincerely,

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