Sustainable Views: Trillions in US pension assets out of reach for local climate projects

CFA’s work was recently featured in Sustainable Views, which examined how public pension funds are navigating climate risk, governance reform, and in-state investment opportunities. The excerpt below highlights key insights from CFA Executive Director, Mary Cerulli. You can read the full article on Sustainable Views here.

“Pension funds’ failure to invest in local climate solutions is not down to trustees’ lack of will, Cerulli tells Sustainable Views. “We found that the risk models they are using are creating a systemic blind spot, which often sees pension funds exporting their capital to global concerns,” she adds.

She attributes this misalignment to institutional inertia, governance and accountability gaps, and concerns about whether fiduciary duty law is consistent with climate investing.”