Aligns Massachusetts public pensions with the state's net zero future by integrating climate risk and promoting sustainable investments.
The bill mandates that public pension funds in Massachusetts align their investments with the state's net zero goals by 2050. Fiduciaries managing these funds must integrate climate risk, systemic economic vulnerabilities, and long-term sustainability into their investment decisions. They must also act with intergenerational loyalty, balancing the needs of current and future beneficiaries.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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