HB 740: Maryland Requires State Pensions to Consider Environmental Risks in Investments
Summary
HB 740, enacted in April 2022, requires Maryland's Chief Investment Officer of the State Retirement and Pension System to consider climate change and other environmental risks when investing the System's assets. It requires the Board of Trustees to annually submit a report assessing the risks of the System's assets, including climate risks, and to identify investment opportunities in renewable energy technology. The law recognizes Maryland's vulnerability to sea-level rise associated with climate change.
Impacted Sectors
Additional Information
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