Learn how public pensions can manage climate risk and opportunity in private markets with responsible stewardship in mind.

Public pension funds face systemic risks like climate change, inequality, and market instability that cannot be diversified away. This explainer uses the Prisoner’s Dilemma to show how long-term investors can shift outcomes through cooperation, engagement, proxy voting, and shared governance strategies that protect retirement security and market stability.

Mitigation means reducing or preventing greenhouse gas emissions, while adaptation is about managing the impacts of climate change.

Double materiality looks at the financial risk to the company and the company’s impact on the people and planet. This is critical for pension funds and long-term investors.

If you have a public pension, you already have a voice — the question is, how do you use it? Here are three ways to engage the trustees who oversee your retirement fund.

If you’ve ever played a game where everyone loses because no one was willing to take the first risk, you already understand the Prisoner’s Dilemma. It’s one of the simplest and most powerful concepts in economics and game theory.

Your pension is a powerful lever for change. Pension Power is the collective influence of all our retirement savings. We're talking about nearly $6 trillion. Keep reading to learn more.