Nyc Employees Retirement System Joins Net Zero Asset Owner Alliance

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NYC Employees' Retirement System joins Net-Zero Asset Owner Alliance
NYC Employees' Retirement System joins Net-Zero Asset Owner Alliance from

NYC Employees' Retirement System joins Net-Zero Asset Owner Alliance

What is the Net-Zero Asset Owner Alliance?

The Net-Zero Asset Owner Alliance is a group of institutional investors committed to achieving net-zero greenhouse gas emissions by 2050. The alliance was founded in 2019 by the United Nations Environment Programme's Finance Initiative (UNEP FI) and the Institutional Investors Group on Climate Change (IIGCC).

Members of the alliance commit to setting science-based targets for reducing their emissions, investing in climate solutions, and engaging with companies to improve their climate performance.

Why did the NYC Employees' Retirement System join the Net-Zero Asset Owner Alliance?

The NYC Employees' Retirement System (NYCERS) is one of the largest public pension funds in the United States, with over $270 billion in assets under management.

NYCERS joined the Net-Zero Asset Owner Alliance because it believes that climate change is a systemic risk to its portfolio and that it has a responsibility to take action to mitigate this risk.

As a member of the alliance, NYCERS will work with other institutional investors to develop and implement strategies to reduce its emissions and invest in climate solutions.

What are the benefits of joining the Net-Zero Asset Owner Alliance?

There are a number of benefits to joining the Net-Zero Asset Owner Alliance, including:

By joining the alliance, NYCERS is demonstrating its commitment to taking action on climate change and protecting its portfolio from the risks of climate change.

Conclusion

The NYC Employees' Retirement System's decision to join the Net-Zero Asset Owner Alliance is a significant step forward in the fight against climate change.

As one of the largest public pension funds in the United States, NYCERS' commitment to net-zero emissions sends a strong signal to other institutional investors that climate action is essential for protecting their portfolios and the planet.