VERMONT

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VERMONT Sustainability Actions

Integrated ESG into investments

The Treasurer’s Office and the Vermont Pension Investment Committee (VPIC) consider financial factors and environmental, social and governance (ESG) factors in their investment decisions. The VPIC has a long-term investment strategy consistent with the duration of Retirement System liabilities, so the Board developed a VPIC ESG Policy to integrate ESG factors consistently into the investment decision process.

Published ESG reports

Read the Vermont Pension Investment Committee's 2020 Proxy Season Voting Record. Read the 2019 Environmental, Social, and Governance Issues Report.

Joined ESG organisations

Organizations that the Treasurer's Office and the VPIC are a member of, or engage through include: Carbon Asset Risk Initiative, Ceres, Climate Action 100+, Council of Institutional Investors (CII), Investor Alliance for Human Rights, Investors for Opioid Accountability (IOA), Investor Network for Climate Risk (INCR), Investor Summit on Climate Risk, Principles for Responsible Investment (PRI), Sustainability Accounting Standards Board (SASB).

Enacted Climate Superfund law

As of July 1, 2024, Vermont’s Climate Superfund Recovery Program (the “CSRP”) has now officially taken effect. The new law requires the State Treasurer along with the Agency of Natural Resources, to report, by January 2026, on the costs to residents and the State from greenhouse gas emissions that occurred between January 1, 1995 and December 31, 2024.

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