SACRAMENTO – CalPERS beneficiaries testified November 18 calling on the CalPERS Board of Directors to commit to no new Exxon bond purchases to protect against financial risk due to climate change. The November Board meeting marks one year since CalPERS announced a sustainable investment strategy with a focus on reaching net zero by 2050. In testimony, union leaders and beneficiaries called for more transparency around core investments that comprise CalPERS’ $100 million sustainability fund.
WASHINGTON, DC – Ahead of this November’s elections, the Sierra Club is contacting voters across several states—Pennsylvania, North Carolina, Oregon, and Washington—where the office of State Treasurer is on the ballot to educate and mobilize its base around the importance of the role for the climate and workers’ savings.
SACRAMENTO, CA – Dozens of CalPERS beneficiaries testified September 16, 2024 in front of the CalPERS Board of Directors and more than 2,000 beneficiaries and supporters sent letters to CalPERS’ staff. They are calling on the fund to exit Exxon given the company’s actions against shareholders and the risk continued investment in the company poses to retirement security.
New York — Today, New York City Comptroller Brad Lander announced a plan to develop a new policy to exclude prospective private markets investments in downstream and midstream fossil fuel infrastructure for the portfolios of three of the City’s public pension systems.
A new report released today, Leaders or Laggards: Analyzing major US banks’ net-zero commitments, from the Sierra Club finds that all six major US banks — JPMorgan Chase, Bank of America, Citi, Wells Fargo, Goldman Sachs, and Morgan Stanley — are falling short in implementing best practices for interim emissions targets, exclusion policies, and disclosures to demonstrate alignment with their commitments to net-zero emissions by 2050.
The Sierra Club and Public Citizen have submitted a joint comment in support of the SBTi’s Financial Institutions (FI) Net-Zero Standard (FINZ) Consultation Draft, including their recommendations for strengthening the Standard and closing loopholes that perpetuate greenwashing by banks, ins
What: A new forthcoming report from the Sierra Club shows that all six major US banks — JPMorgan Chase, Bank of America, Citi, Wells Fargo, Goldman Sachs, and Morgan Stanley — are falling short in implementing best practices for interim emissions targets, exclusion policies, and disclosures to demonstrate alignment with their commitments to net-zero emissions by 2050.
Washington, D.C. — Today, a coalition of public interest organizations filed an amicus brief in the U.S.
“We will hold any financial institutions that choose to support these projects accountable for such impacts.”** READ THE LETTERS HERE **