CleanTechnica•about 1 month ago
Sierra Club Welcomes NYC Pension Search for Asset Managers, Urges Strong Climate Accountability
Key Takeaway
Institutional investors, exemplified by NYC's pension systems, are increasingly prioritizing climate accountability in asset management, signaling a shift in capital availability for energy sector projects and companies.
AI Summary
- •New York City's five public pension systems are initiating a search for asset managers to provide passive indexing services.
- •The Sierra Club is urging that these mandates be awarded only to firms demonstrating credible climate-risk management and responsible stewardship.
- •This move highlights a growing trend among major institutional investors to integrate climate accountability into their investment criteria, potentially influencing capital flows for energy projects and companies.
Topics
emissionsfinancingpolicy
Article Content
Search should ensure pension mandates are awarded only to firms with credible climate-risk management and responsible stewardship. NEW YORK, NY — New York City Comptroller Mark Levine and trustees of the City’s five public pension systems today announced a search for asset managers to provide passive indexing services, opening a review of major ... [continued] The post Sierra Club Welcomes NYC Pension Search for Asset Managers, Urges Strong Climate Accountability appeared first on CleanTechnica .