CalSTRS committed up to $2.5 billion this week to low-carbon investments in the United States and overseas.
The teachers’ pension fund said it will peg the investments to a market index. It said the investments are part of an effort to “align the portfolio with the market realities emerging from climate change” and policies developed at the 2014 United Nations climate summit and December’s climate talks in Paris.
The funds will be invested according to the MSCI ACWI Low-Carbon index, which is operated by New York financial research firm MSCI Inc.
The California State Teachers’ Retirement System oversees a $188.8 billion portfolio.
Sign Up and Save
Get six months of free digital access to The Sacramento Bee