The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
Questions remain about how to measure risks and what a proper framework looks like, but more colleges and universities are taking the plunge.
The school will also invest up to $25 million with climate impact funds.
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’