California Public Employees Retirement System
The California Public Employees Retirement System (CalPERS), headquartered in the United States, is a leading public pension fund that serves over 1.9 million members. Established in 1932, CalPERS has become a cornerstone of the public sector retirement landscape, primarily operating in California but also influencing national pension policies. As a key player in the financial services industry, CalPERS manages a diverse portfolio of investments, focusing on sustainable and responsible investment strategies. Its unique approach to pension fund management, emphasising long-term growth and risk mitigation, sets it apart from other retirement systems. With a market position as one of the largest pension funds in the world, CalPERS has achieved notable milestones, including significant advancements in environmental, social, and governance (ESG) investing. This commitment to responsible stewardship continues to enhance its reputation and impact within the public sector.
DitchCarbon Score
How does California Public Employees Retirement System's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
California Public Employees Retirement System's score of 23 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
California Public Employees Retirement System's reported carbon emissions
As of the latest available data from 2022, the California Public Employees Retirement System (CalPERS) reported carbon emissions totalling approximately 14,371,000 kg CO2e from Scope 3 sources and 440,000 kg CO2e from Scope 2 sources. Notably, there were no reported emissions from Scope 1. Over the years, CalPERS has seen fluctuations in its emissions, with Scope 2 emissions peaking at 556,000 kg CO2e in 2021 and Scope 3 emissions reaching a high of 17,458,000 kg CO2e in 2020. The data indicates a general trend of increasing emissions, particularly in Scope 3, which encompasses indirect emissions from the value chain. Despite the absence of specific reduction targets or initiatives outlined in their recent disclosures, CalPERS remains committed to addressing climate change through various investment strategies and engagement with portfolio companies. The system's focus on sustainable investment practices reflects a broader industry trend towards integrating climate considerations into financial decision-making. CalPERS continues to monitor its carbon footprint and engage in climate-related financial disclosures, aligning with global efforts to mitigate climate change impacts.
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Add to project| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - |
| Scope 2 | 307,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,400,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
California Public Employees Retirement System is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
