OR HB2081

Oregon Investment Council and State Treasurer must analyze and manage climate change risks to the Public Employees Retirement Fund, including reporting on scope 1 and scope 2 emissions from fossil fuel investments

Fund managers must pursue reducing the fund's carbon intensity by preferring investments that reduce net greenhouse gas emissions to participate in the energy transition

Biennial reports to the Legislative Assembly required on progress toward climate-focused investment goals, developed in collaboration with fund beneficiaries

State of Oregon will indemnify the Investment Council, State Treasurer, and Treasury employees from claims and damages related to actions taken under this section

No action required unless the Investment Council or State Treasurer determines in good faith it is consistent with existing fiduciary responsibilities; takes effect 91 days after the 2025 legislative session adjourns