Asset Allocation
CalPERS Increases Climate-Related Investments by Nearly $10B
Approximately half of the new investments will be in public equity, with the rest going into private markets.
Approximately half of the new investments will be in public equity, with the rest going into private markets.
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.