Posts Tagged ‘CalSTRS’

CalSTRS Discusses Materiality of ESG Risk Factors

CalSTRS Investment Subcommittee’s recent discussions of ESG risk factors concerned the materiality of ESG risk factors – whether, and at what threshold, environmental, social, and governance factors materially affect the economic and financial value of an investment.

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$5.2 Trillion Reasons to be Hopeful

The global divestment movement is now $5.2 trillion strong in pledged assets, with 688 institutions and 58,399 individuals in 76 countries committed to divest from fossil fuel companies. The value of assets under management by those pledged to divest has doubled in the last 15 months.  As the recent report from Arabella Advisors notes, “pension…

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CalPERS & CalSTRS: Show Us the Money

Fossil Free California is raising funds to help everyone understand where California’s huge pension funds are investing our money. On December 19 the CalPERS Board voted, at last, to divest their last $557 million in tobacco stocks.  Public health advocates – and CalPERS board members – learned only recently that when the huge fund “divested”…

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CalSTRS wants feedback on investment — let them know!

UPDATE: CalSTRS has extended the deadline one week, to September 23. The California State Teachers’ Retirement System (CalSTRS) is looking for feedback about their sustainability practices, and we have an excellent opportunity to let them know it’s time to divest. Their sustainability survey is here on the CalSTRS website. It’s open to everyone — not just CalSTRS…

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CalSTRS moves $2.5 billion into low-carbon fund

On July 14, the California State Teachers’ Retirement System (CalSTRS) voted unanimously to move $2.5 billion in assets to a low-carbon index fund. This laudable decision is another indicator of CalSTRS’ focus on the financial consequences of climate change — complementing the board’s recent vote to divest from coal companies, in compliance with the mandates of SB 185, This low-carbon…

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CalSTRS divestment: An apple for the teacher

On Wednesday, June 8, Fossil Free California and our allies came together for a silent demonstration at the CalSTRS headquarters in West Sacramento. As CalSTRS staff and board members entered the meeting room for the open session of the Investment Committee, we all lined the walls, holding red posterboard apples (“for the teacher”), each apple…

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CalSTRS features Fossil Free California

CalSTRS recently published its annual Sustainability Report, and it shows that the world’s largest teachers’ pension fund is increasingly aware of the significance of divestment. While the report continues to emphasize the current CalSTRS policy of shareholder engagement, the divestment movement receives a full and fair treatment. This page features our work at Fossil Free California. One section of the…

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Watch Live Video of CalSTRS Investment Committee

The Investment Committee of CalSTRS meets all day Friday, April 8 in Sacramento, beginning around 9 am. The Committee will consider a number of important items and policies. This meeting coincides with the newly released risk report on the Fund’s exposure from investments in fossil fuels. [ExxonMobil is CalSTRS’ 6th largest investment]. Fossil Free California’s …

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