New York City Officials Say Pension Funds Green Investments Could Set a Tone
New York City officials hope to lay a marker with their move to double green-related investments by the city’s five pension funds.
“This will change the way in which the cities the size of New York, and other cities, approach this,” said Alan Rubin, a partner at Blank Rome LLP. “Now they have permission, if you will, to move forward.”
Stringer called doubling the investment over three years a reasonable goal.
“We think that we’re not simply doubling by asset class, but we’re going to be participating in all the asset classes, and we think we have a road map forward,” he said.
“We think we can customize some of the indexes for more sustainability.”
"New York City Officials Say Pension Funds Green Investments Could Set a Tone," by Paul Burton was published in The Bond Buyer on September 14, 2018.