With a new law passed in California by the legislature and awaiting the governor’s signature, both funds will be mandated to identify climate risk in their portfolios and disclose the risks to the public and the legislature (formal report every three years).
Not only that, but the funds themselves will have to report their own carbon footprints and the progress (or lack of) moving toward the 2-Degrees C goals of the COP 21 (2015) Paris Agreement and their own climate change policy goals.
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