State Retirement and Pension System - Investment Climate Risk - Fiduciary Duties
What this bill does
Requiring a fiduciary of the State Retirement and Pension System to consider certain climate risks on the System's assets; requiring a climate risk assessment to include a certain review of the System's investment portfolio to determine the level of climate risk across certain sectors and asset classes, identification of investment opportunities in certain energy sectors, a process for regular reassessment of certain impact of climate risk, and utilization of the best data and practices for climate risk analyses; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (14)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Weisner, Jeffrey | 350MoCo | Oral |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Oral |
| FAV | miller, alan | N/A | Oral |
| FAV | Delegate Lierman, Delegate Liermanlegislator | Individual | Oral |
| FAV | Deutschmann, Richard | Individual | Written (PDF) |
| FAV | Lierman, Brooke | Individual | Written (PDF) |
| UNF | Ditraglia, Frank | Individual | Position only |
| UNF | Elbourn, James | Individual | Position only |
| UNF | Love, William | Individual | Position only |
| UNF | Williams, Peggy | Individual | Position only |
| FWA | Younts, Diana | MLC Climate Justice Wing | Written (PDF) |
| INFO | Palmer, Andrew | Maryland State Retirement Agency | Written (PDF) |
| INFO | Noven, Martin | Maryland State Retirement and Pension System | Oral |
| INFO | Gawthrop, Anne | State Retirement and Pension System | Oral |