California Public Employees Retirement System Sustainability Profile
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 27 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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California Public Employees Retirement System's reported carbon emissions
In 2022, the California Public Employees Retirement System (CalPERS) reported total carbon emissions of approximately 14,371,000 kg CO2e, with Scope 2 emissions accounting for about 440,000 kg CO2e and Scope 3 emissions contributing significantly to the total. The previous year, 2021, saw similar figures, with Scope 2 emissions at approximately 556,000 kg CO2e and Scope 3 emissions at about 13,690,000 kg CO2e. Notably, CalPERS has not reported any Scope 1 emissions in these years. CalPERS has set ambitious climate commitments, aiming for net zero direct greenhouse gas emissions by 2035 for both Scope 1 and Scope 2 emissions. This commitment is part of their broader strategy to enhance the sustainability of their operations, including the design of high-speed rail stations as high-performance buildings to maximise efficiency and reduce operational costs. These initiatives are integral to achieving carbon neutrality in the transportation sector. The organisation's emissions data is not cascaded from any parent company, indicating that all reported figures are directly from CalPERS. The focus on reducing emissions aligns with industry standards and reflects a commitment to addressing climate change through strategic planning and operational improvements.
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| 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 |
How Carbon Intensive is California Public Employees Retirement System's Industry?
How Carbon Intensive is California Public Employees Retirement System's Location?
California Public Employees Retirement System's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
California Public Employees Retirement System has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
