NY pension fund adds $2.4B to climate-focused investments
New York State Comptroller Tom DiNapoli announced Monday that the state’s pension fund committed an additional $2.4 billion toward climate-focused investments. The move supports the fund’s strategy to reduce climate-related risk and benefit from the clean energy transition.The New York State Common Retirement Fund has now invested over $26.5 billion through its Sustainable Investments and Climate Solutions (SICS) Program. The fund is working toward a target of $40 billion by 2035. Climate risk drives investment choices“Climate change poses a real threat to our investments,” DiNapoli said. “These actions reduce our...