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Americas

CalSTRS Strengthens Diversity Efforts

Leading US pension fund seeks to better reflect diversity of members in its investment strategies.

CalSTRS, the US$306.7 billion (as of 31 May 2021) educator-only pension fund, plans to vote against all directors at firms with zero women on their boards in upcoming years as it reinvigorates its diversity strategy. The fund will focus its diversity efforts on three primary areas: internal staff, the investment industry, and corporate boards.  “As lack of progress in board diversity has…

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