The Church Pension Fund has invested $40 million in the New Energy Capital Infrastructure Credit Fund II. The fund will invest in projects involving solar, wind, energy efficiency, storage, and water.
“This investment will support the development and operation of clean energy infrastructure assets throughout North America,” said Roger Sayler, executive vice president and chief investment officer of the pension fund. “We look forward to building our relationship with NEC as we continue to explore future impact investments that meet our goal of generating attractive returns with positive social impact.”
The pension fund has socially responsible investments in 25 countries. These investments focus on economically targeted initiatives (urban redevelopment, affordable housing, sustainable agriculture, and microfinance) and environmentally responsible programs (sustainable forestry, clean technology, and green buildings).
Adapted from the Church Pension Fund
