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The California Public Employees’ Retirement System (CalPERS) is a leading public pension fund based in the United States, specialising in insurance and pension funding services outside of compulsory social security. Established in 1932, CalPERS manages retirement benefits for California’s public employees, including state, school, and local government workers. Its headquarters are located in Sacramento, with extensive operations across California and beyond.
CalPERS is renowned for its comprehensive pension management, investment strategies, and risk management services, which set it apart within the industry. As one of the largest public pension funds globally, it has achieved notable milestones in sustainable investing and financial stability. Its core offerings focus on providing secure retirement benefits, making it a pivotal player in the insurance and pension funding sector.
-3 vs industry average
California Public Employees Retirement System’s score of 36 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
California Public Employees' Retirement System (CalPERS), headquartered in the US and operating within the insurance and pension funding services sector, has reported significant Scope 3 emissions.
For the reporting year 2025, CalPERS disclosed approximately 19.7 billion kg CO2e from its investments and an additional 59.377 billion kg CO2e from downstream transportation and distribution. Scope 1 and 2 emissions for 2025 were reported as approximately 8.964 billion kg CO2e. The total emissions for 2025 are not explicitly stated as a sum of all scopes but the individual components are available.
In 2023, CalPERS reported total emissions of approximately 1.058 billion kg CO2e. This comprised 44.239 million kg CO2e
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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