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New York pension adds $1.3bn to sustainable investments

Susan BarretobySusan Barreto
April 4, 2023
in ESG, Investor News, Pensions
New York pension adds $1.3bn to sustainable investments

By boccianet/Envato Elements

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New York State Comptroller Thomas DiNapoli announced two fund investments as part of the New York State Common Retirement Fund’s sustainable investments and climate solutions program.

The $242 billion pension fund committed $1 billion to funds tracking the MSCI World ex-USA Climate Change Index, which is designed to address climate-related risks and opportunities by overweighting companies that will benefit from the transition to a low carbon economy, while underweighting those that face greater risks due to climate change.

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Tags: Energy transitionNew YorkNew York State Common Retirement FundRenewables
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