NYC Sets Pension Fund Goal to Invest $4 Billion in Climate Change Solutions by 2021
Mayor Bill de Blasio, Comptroller Stringer, and other trustees of New York City’s pension funds have announced a new goal to double the investments of the NYC Funds in climate change solutions. To meet this goal, the City has pledged to have $4 billion dollars—or 2% of its $195 billion pension fund—invested in renewable energy, energy efficiency, and other clean technologies by 2021.
New York City is working to change the paradigm for public pension plans and set a new standard for how asset owners, such as pension funds, can use their substantial investments to both do well for our beneficiaries and do good for the planet.
Read more about this exciting announcement here.
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