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 (5)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Younts, Diana | MLC Climate Justice Wing | Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Matheson, Barbara | Individual | Written (PDF) |
| FAV | Senator Elfreth, Senator Elfrethlegislator | Individual | Oral |
| FAV | Senator Elfreth, Senator Elfrethlegislator | Individual | Oral |