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Bill may force CalPERS, CalSTRS to divest fossil fuels
21 February 2022Two of the largest pension funds in the world could be forced to divest billions of dollars of oil and gas holdings by July 2027, under proposed legislation.
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ExxonMobil faces mounting investor pressure on climate action
13 May 2021US oil major ExxonMobil is facing growing pressure from major investors over its response to climate change ahead of its annual general meeting later this month, including from Legal & General Investment Management (LGIM) and the California Public Employees' Retirement System (CalPERS).
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CalPERS throws its weight behind US ESG disclosure proposals
16 July 2019The largest public pension fund in the US has backed proposals that would require every public company in the US to disclose its exposure to environmental, social and governance (ESG) risks.