The California State Teachers’ Retirement System (CalSTRS) has released its 2021-22 Sustainability Report, which focuses on “sustainability and resiliency for long-term success”. CalSTRS’ ninth annual report centred on corporate sustainability topics, including the firm’s path to net zero, sustainable operations, management of its workforce and employee wellness, and diversity, equity and inclusion. The report from the one million-member, US$302.1 billion pension fund highlighted four adoptions on net zero from the Teachers’ Retirement Board, including a 50% reduction of greenhouse gas emissions across its investment portfolio by 2030, the incorporation of a “comprehensive” analysis of GHG emissions into investment decisions, and the allocation of 20% of its global equity portfolio to a low-carbon index to help reduce emissions. CalSTRS said it “participates in diversity and inclusion efforts internally and across the investment management industry”, with its efforts to boost workplace inclusion focusing on addressing competence, dignity, organisational development and social justice.
NEWS RELEASE: CalSTRS focuses on sustainability, resiliency for long-term success. Ninth annual report highlights member longevity and importance of early career education. https://t.co/UdxWGA2PyX pic.twitter.com/83bnFL8qbC
— CalSTRS (@CalSTRS) February 9, 2023