CalPERS incorporates climate change into their asset allocation strategy

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According to aiCIO, research by consulting firm Mercer demonstrates that more and more investors consider allocating more of their assets in green or climate sensitive industries. Making the finance industry more sustainable might not seem like the most profitable idea in the short term but with climate change predicted to severely affect the way of life around the globe, it may be a wise decision to adjust asset allocation. CalPERS, the largest pension fund of the United States, is taking the lead and has made incorporation of climate change in their investment policies a top priority.

The newest trends in asset allocation will also be discussed at the Asset Allocation Summit Asia 2012. Click here to learn more.