Pension Funds Push Forward on Climate Goals Despite Backlash
By Eshe Nelson , The New York Times. Excerpt: In the past few months, some of the largest banks and asset managers in the United States have quit net zero networks , the climate groups that encourage their members to set ambitious carbon reduction targets and collaborate internationally on sustainability efforts. But ...in November, NYCERS, a pension fund for New York City employees, went in the opposite direction. It joined a United Nations-affiliated climate action group for long-term investors, the Net Zero Asset Owner Alliance. ...At a time of growing backlash to environmental, social and governance goals and investment strategies, pension funds, particularly in blue states and Europe , have emerged as a bulwark against efforts to sideline climate-related risks.... Full article at https://www.nytimes.com/2025/03/29/business/dealbook/pension-funds-climate-esg.html .