Greening AFT Pensions

AFT members’ pension funds total an estimated $3 trillion, approximately $114 billion of which is invested in fossil fuels. Fossil fuels don’t just harm the environment—they create risk in our pension investments. Pension funds have a duty to manage risks in their portfolios, including sources of system risk, like climate change. To manage these risks, some pension funds have reduced investments in carbon-producing industries and invested in renewable technologies and projects, like climate-resilient infrastructure that both create good jobs and build more resilient communities. We can take action to ensure that our retirement savings are being invested in ways that address the systemic risks of climate change with an eye toward environmental justice in our communities.

More Info

• Comment letter in response to the SEC's proposal to rescind climate related disclosure rules
• The AAUP and the AFT formally called on TIAA to take immediate action on fossil fuel divestment
• Divestment From Fossil Fuel Industries
• UN Secretary General advises pension funds to divest from fossil fuels
• New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks
• UK's biggest pension fund begins fossil fuels divestment
• Influential New York pension fund will drop fossil-fuel stocks, put pressure on utilities and auto makers to cut emissions
• The role of labour trustees in driving a just transition
• Rutgers Will Divest From Fossil Fuels
• Climate change and the just transition: A guide for investor action