The Seattle City Employees' Retirement System ("SCERS") was established in 1929 to provide pension benefits to city of Seattle employees. With approximately 12,000 active employee members and 6,800 retired employee members (or their beneficiaries) who participate in the plan, SCERS had 2.77 billion of assets under management as at March 31, 2020.
In 2013, when SCERS adopted their ESG policy, they recognized that ESG issues have an impact on the performance of companies and that such consideration is compatible with their fiduciary duty. Consequently, SCERS adopted a Positive Action based on Shareholder Advocacy, Sustainability Investments and Integrating Climate Risk into the Investment Process. Finally, SCERS engages collaboratively with its peers through its membership to Climate Action 100+ and Ceres.