The Oregon State Treasury announced it is expanding its ability to collect greenhouse gas emissions data and engage with companies globally on environmental, social and governance issues, implementing requirements of the Climate Resilience Investment Act passed in 2025.
The law directs the Treasury to track progress in climate-positive investments, safeguard the long-term value of the state's public employee retirement fund, and produce regular reports to the legislature. Treasurer Elizabeth Steiner discussed the engagement strategy on October 1, 2026, during a panel at the Council of Institutional Investors annual conference.
To strengthen implementation, the Treasury is improving direct greenhouse gas emissions data collection from private funds, engaging companies on their transition strategies and gathering information from investment managers with sustainability experience. The agency is also facilitating collaboration with other institutional investors to address carbon accounting issues in large complex portfolios.
"Climate risks and opportunities as well as other social and governance issues are material to our investments," Steiner said. "Managing these risks and opportunities is vital to growing the pension fund. Evidence shows that companies that are paying attention to these risks and opportunities will have better bottom line results over the long-term."
Over the past year, the Treasury restructured to expand its internal team of ESG experts and is hiring an additional engagement expert. The agency has contracted with EOS at Federated Hermes Limited for broad portfolio engagement services and with Oakledge Advisors to convene institutional investors to identify solutions to carbon accounting issues unique to large complex portfolios.
The Treasury released a progress report, Tracking Net Zero and Climate Positive Investment Strategies, in January 2026. The agency will release its first Climate Resilience Investment Act implementation report in January 2027.