Report: US state pensions not doing enough to protect clients against climate-related financial risks

According to a report released on Tuesday by Stop the Money Pipeline, Sierra Club, and Stand.earth, state pensions are not doing enough to protect beneficiaries from the rapidly growing environmental and climate-related financial risks. 

Climate advocacy groups argue that state pensions should consider climate risks in their proxy voting strategies since it is their duty as fiduciaries to act in the interest of their clients.