city of tacoma
File #: RES40273    Version: 1 Name: RES - TERS investment risks from climate change
Type: Resolution Status: Adopted
File created: 3/6/2019 In control: City Council
On agenda: 3/26/2019 Final action: 3/26/2019
Title: A resolution urging the Tacoma Employees' Retirement System (TERS) staff and the TERS Board of Administration (Board) to consider and analyze the investment risks from climate change, and to explore ways to potentially reduce exposure to carbon intensive companies, such as fossil fuel producers, in the TERS investment portfolio, subject to the TERS staff and Board continuing to meet their primary fiduciary responsibilities to TERS members. [Council Member Ibsen]
Sponsors: Anders Ibsen, Chris Beale, Ryan Mello, Victoria Woodards
Attachments: 1. Resolution No. 40273, 2. City Council Action Memorandum

Title

A resolution urging the Tacoma Employees’ Retirement System (TERS) staff and the TERS Board of Administration (Board) to consider and analyze the investment risks from climate change, and to explore ways to potentially reduce exposure to carbon intensive companies, such as fossil fuel producers, in the TERS investment portfolio, subject to the TERS staff and Board continuing to meet their primary fiduciary responsibilities to TERS members.

[Council Member Ibsen]