Massachusetts H2811 mandates review of climate risk in public pension funds to protect beneficiaries and taxpayers.
Massachusetts H2811 requires the review of climate risk in public pension funds to safeguard pension beneficiaries and taxpayers. The bill mandates the creation of a Climate Risk Investment Review Committee to study and recommend actions on climate risk investments. Public funds must identify and divest from climate risk investments, including fossil fuels and biofuel, by January 1, 2026. The committee will report annually on efforts to mitigate climate risks and decarbonize the pension portfolio.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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