Environmental, Social, and Governance Considerations

Seattle City Employees' Retirement System (SCERS) factors in material environmental, social, and governance (ESG) factors when making investment decisions and follows best practices that are consistent with its fiduciary duties.

SCERS has specifically identified climate change as a key area of focus and pursued a positive action strategy that is intended to have a beneficial impact on this systemic problem.  This strategy includes engaging with corporations and other entities as shareholders, considering sustainability investments, and integrating climate change risk into the investment process.  SCERS's staff provides quarterly updates on the positive action strategy and other ESG matters that are available from the dropdown below.

SCERS has also joined the following ESG-focused investor organizations to share information with other institutional investors and pursue ESG issues of mutual concern:

While SCERS supports ESG goals such as combating climate change, an investment action that promotes these goals will not be taken if it conflicts with our mission to fulfill the promise to deliver the retirement benefits our members have earned.  This position is required by state law, which prevents SCERS from taking actions that compromise economic outcomes in the pursuit of an ESG goal.  Further information can be found in the SCERS ESG Policy and accompanying legal analysis.