The New York State Common Retirement Fund has raised $2 billion for its climate transition index. This commitment aims to enhance its focus on green investments.

The New York State Common Retirement Fund has doubled its allocation to a FTSE Russell climate transition index, adding $2 billion to its previous commitment. This move reflects a strategy to align investments with climate governance and emissions targets. The methodology reshapes the top constituents in the index, prioritizing companies with significant green revenue. The updated fund strategy also entails a shift from traditional equity management to more sustainable practices.