When people think about the management of pension plans, they typically focus on the importance of getting the best possible returns on the dollars contributed to the plans by both governmental entities and the employees themselves. But increasingly there’s more to it than that in the form of so called ESG investing, an acronym which stands for the environmental, social, and governance factors that can be taken into account when considering an investment’s risks and benefits. This method of selecting investments has gotten a fair amount of attention in the states of New York and California, and New York City, and it appears to be an increasingly prevalent practice across all levels of local government.
- Publication date: August 2022
- Authors: Richard Greene and Katherine Barrett