Hawaii state pension fund commits to impact investing
Hawaii’s state pension fund joined the United Nations-supported Principles for Responsible Investment, an international network of institutional investors committed to incorporating environmental, social and governance factors in their investment decision making.
PRI, which was created in 2006, currently has over 1,900 signatories with around $73 trillion in assets under management.
“By adhering to the Principles for Responsible Investment, the ERS is helping to transition to a more sustainable future while keeping the promises made to our state workers in the past,” Hawaii Governor David Ige said in a statement. “Hawaii was the first and so far, only state in the union to adopt legislation aligned with the Paris agreement, and the ERS is building on that commitment by ensuring that our long-term investments are resilient to global challenges such as climate change.”
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