An Act to align public pensions with Massachusetts’ net zero future
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to ensure that Massachusetts’ public pension systems are aligned with the state’s goals of reducing greenhouse gas emissions and achieving net-zero emissions by 2050. It directs the state’s pension management boards to consider climate risks and opportunities when making investment decisions. The bill seeks to incorporate climate-related factors into the long-term financial planning of public pension funds, promoting sustainable investment practices. This will help protect the pension funds and the state’s climate goals.
Key provisions
- Requires pension boards to assess climate-related risks and opportunities.
- Directs pension boards to incorporate climate considerations into investment strategies.
- Promotes investments in sustainable and climate-resilient assets.
- Supports the state’s broader net-zero emissions goals.
Who is affected
- Massachusetts public pension systems
- Pension fund managers
- State government employees and retirees
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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