Massachusetts PRIM
The Massachusetts Pension Reserves Investment Management Board (PRIM) was founded in 1986 to provide professional investment services for the retirement funds of Massachusetts' public employees. It also provides access to investment management firms. PRIM serves Massachusetts State Employees, Massachusetts Teachers, Boston Teachers, and various local participating retirement systems throughout the Commonwealth. During the assessed period, PRIM reported having 68 employees and assets under management corresponding to USD 96.6 billion.
Leading practices
The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. It discloses the amount or share, in monetary terms, of its provision of products, services, and capital linked to high-emitting sectors and fossil fuel sectors as well as its operational details by country.
Risks and opportunities
The financial institution is behind many of its peers in terms of overall disclosure. It is hence recommended that the financial institution uses this benchmark as a guide to disclose more on sustainability practices and performance across measurement areas with regards to its provision of products, capital and services, as well as considering its own operation and supply chain.
Disclaimer
This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.
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More about the company
- Headquarters
- United States
- Ownership structure
- Government
- Results 2024
- AuM USD 96.6 billion
- Number of employees
- 68
- Website
- https://www.mapension.com
