2023 Ideas Challenge Entry
Maryland Comptroller Brooke Lierman led the push for her state to approve legislation requiring that a consultant do a climate risk analysis of its $64 billion pension fund investments every other year.
They have conducted several analyses demonstrating that rising temperatures will have a negative effect on their pension investments. This analysis provides the Board of Trustees and Chief Investment Officer the ability to take immediate action to ensure our investments are smart and sound based on climate risk.
Additionally, they have codified that climate risk is investment risk and that actively seeking investments in the new green economy is imperative.
Impact:
The program is already having an impact, and the Comptroller office is using data to make changes to the state's investment portfolio.
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