Sustainable Investing Treasury recognizes the importance of taking action to understand and navigate investments risks related to the global climate crisis to help deliver sustainable long-term returns for our beneficiaires.
Treasury’s Commitment to Sustainable Investing “Climate Change is real. It’s here. Now. And it makes our job of providing secure retirements for those firefighters, teachers, and public servants who have worked hard for a better Oregon, more difficult. That means we must look far into the future 30 and 40 years from now and consider all the risks and opportunities. Planning and acting now to address the investment risks – and opportunities of the climate crisis - is a critical next step in making sure the pension fund will produce strong returns for generations to come.” – Treasurer Tobias Read
Treasurer Read's Net-Zero Pledge Watch the announcement from the Treasurer and visit the link below to learn more about the framework behind Treasurer Read's net-zero pledge. Read the pledge
Moving forward Oregon State Treasury is working to continuously improve our evaluation of environmental, social, and governance (ESG) risks as we make investment decisions. At the same time, we’re trying to expand and standardize the periodic reporting of ESG and associated risk factors so that Treasury staff, investment partners, and beneficiaries receive consistent, uniformed updates related to investments under Treasury’s management. Treasurer Read is leading efforts to: Support the transition of OPERF to a net-zero carbon emission portfolio by no later than 2050. Set baseline emissions measurement and interim targets for managing climate risks and identifying opportunities for expanded investments in low-carbon solutions. Create methodologies and frameworks to measure progress on meeting interim targets and timelines for review of investments in carbon intensive activities like thermal coal, tar sands, and fracked natural gas. Provide recommendations for appropriate transparency and reporting mechanisms to demonstrate progress.