NYC Pension Systems Recognized for Climate Progress, Urged to Strengthen Implementation
The Sierra Club has commended New York City Comptroller Mark Levine and the trustees of three public pension systems for their progress towards achieving net-zero emissions by 2040. The pension systems, including NYCERS, TRS, and BERS, have been identified as national leaders in addressing climate-related financial risks. The recent reports highlight advancements in emissions-reduction targets and climate-solutions investments. However, the Sierra Club emphasizes the need for more precise definitions and reporting of climate-solutions investments to ensure they contribute to real-world emissions reductions. The reports also stress the importance of engaging with high-emitting companies and holding asset managers accountable for credible climate-risk management strategies. 
