The long-serving CalSTRS CIO, who retires June 30, used the pension giant’s financial heft to press companies toward more sustainable paths.
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
Pension plan’s investment committee votes down a second attempt from member Jason Perez to reverse its 20-year-old ban.
Questions remain about how to measure risks and what a proper framework looks like, but more colleges and universities are taking the plunge.
The school will also invest up to $25 million with climate impact funds.
