By: Fong Yee Chan, senior product manager, sustainable investment
On January 10, New York City officials announced plans to divest its pension funds of about $5 billion in fossil fuel investments. As a growing number of investors seek to address climate change risk, this initiative represents one of the more significant divestment efforts to date. At FTSE Russell, we believe there’s a range of ways to integrate climate change into investment. The FTSE Global Climate Index Series offers various approaches, ranging from fossil fuel divestment to our most evolved and holistic approach that also integrates opportunities arising from the transition to a low carbon economy.