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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 33 is higher than 53% 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 from Scope 3 sources and 440,000 kg CO2e from Scope 2 sources, with no reported emissions from Scope 1. This marked a slight increase in Scope 3 emissions compared to 2021, where emissions were about 13,690,000 kg CO2e from Scope 3 and 556,000 kg CO2e from Scope 2. The trend indicates a need for enhanced strategies to manage and reduce these emissions. CalPERS has set ambitious climate commitments, aiming for net zero direct greenhouse gas emissions by 2035. This includes specific initiatives such as designing high-speed rail stations to function as high-performance buildings, which will enhance operational efficiency and reduce emissions. The high-speed rail system is also seen as a critical component in achieving significant greenhouse gas reductions in the transportation sector, with a long-term target extending to 2045 for Scope 1 emissions. Overall, CalPERS is actively working towards its climate goals, focusing on both immediate and long-term strategies to mitigate its carbon footprint and contribute to broader environmental sustainability efforts.
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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 |
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 not participating in any of the initiatives that 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.
