The sustainability of the environment is important to The Church Pension Fund (CPF). For that reason, we continue to seek managers who possess expertise in environmentally responsible investments. We have investments in a number of funds that support and promote sustainable forestry, clean technology, and green buildings.
We have made investments in more than 100 clean technology projects. These investments generate or promote the use of solar energy, wind, hydro, geothermal, and biomass fuels or provide solutions for photovoltaic cells, and refrigerants, among others. We have also funded cutting-edge technologies, and have investments with companies that manufacture electric vehicles and produce lithium batteries.
CPF served as an anchor investor and invested $30 million in the Developing World Market’s $62 million Off-Grid, Renewable and Climate Action Impact Note (ORCA Note). The ORCA Note will provide renewable energy finance loans to socially responsible businesses in the developing world and is composed of 11 underlying loans made to inclusive financial institutions and operating companies.
We have invested in several sustainable forestry-related initiatives, including investments in sustainable forest funds managed by The Forestland Group, which promotes and employs sustainable forestry practices and has captured and stored 418,000 tons of carbon dioxide.
We support sustainable construction principles and have made real estate investments in more than 65 LEED (Leadership in Energy and Environmental Design) certified buildings and 14 BREEAM (Building Research Establishment Environmental Assessment Method) certified buildings. In addition, our headquarters is a Gold-certified LEED space in recognition of our implementation of environmentally sustainable practices in the construction and operation of our office.