SB 560 (Allen) – Climate Risk of Pension Investments
Requires the CalSTRS and CalPERS boards to consider the “financial climate risk,” as defined, in their management of any funds they administer. Also requires, by January 1, 2020, and annually thereafter, the boards to include the “financial climate risks” of their investments and their related engagement, as specified, in their comprehensive annual financial reports.
- Version: Amended 4/17/2017
- Sponsors: Environment California, Fossil Free California
- Location: Senate Appropriations Committee
- Board Position: Oppose, unless amended
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