
Asset Allocation
NYC Pension Funds Have Reduced Emissions by up to 27% Since 2019
Three of the city’s five funds are looking to reach net zero greenhouse gas emissions by 2040.
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
A reduction would help the pension system better match projected investment returns.