To the extent the CalSTRS and CalPERS boards identify “climate-related financial risk,” as defined, as a material risk to the fund, requires that risk to be analyzed. By January 1, 2020, and every three years thereafter, the bill requires the boards to publicly report on the analysis of the material climate-related financial risks of their public market portfolios. Also provides a sunset date of January 31, 2035.
- Version: Chaptered (Chapter 731, Statutes of 2018)
- Sponsor: Environment California, Fossil Free California
- Location: Signed by Governor
- Board Position: Neutral
CalSTRS analysis:As amended 3/14/2018