After an extensive review and high-level workshop earlier this month the CalPERS’ investment team will seek board approval in December for a total-fund plan to more fully integrate environmental, social and corporate governance principles into all the investment decisions it makes in each of its asset class.
There’s no escaping the fiduciary duty of creating a better world
ESG, and more recently climate change, are now largely accepted in the investment process, and more importantly have passed the fiduciary duty test.
