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Sustainability

How CalSTRS took on Exxon

In an unequivocal message to boards that climate inaction could cost them their positions, Exxon shareholders voted this week to replace atleast two of its directors with those that have experience in climate transition. It is a win for CalSTRS which has been vocal in its support of Engine No.1, the activist hedge fund that put forward the alternative directors. The proposal was also supported by CalPERS and New York State Common Retirement Fund.
Climate

CalPERS’ Simpson on Climate Action 100+

Climate Action 100+ illustrates asset owners’ ability to come together to solve the tragedy of the commons, said Anne Simpson, managing investment director, board governance and sustainability at US pension giant CalPERS. She said once investors realise that risk and return comes from managing financial, human and natural capital then ESG became a fundamental part of investing.
PRI In Person '17

CalPERS pushes for carbon disclosure to boost returns

Mapping a company’s carbon footprint, or the emissions it produces, is an important and growing part of portfolio analysis at CalPERS says Anne Simpson, senior portfolio manager and director of global governance at the $307 billion fund speaking at PRI in Person 2015, the annual conference for the UN-supported international network of investors working to […]
PRI In Person '17

The importance of investment beliefs

It’s often said that investment beliefs provide the solid frame on which investment strategy can hang. Some of these Magna Carta’s are beguilingly simple, like ‘Costs Matter’. Others may enshrine beliefs like ‘A Long Term Investors Has Opportunities and Responsibilities.’ So, it was with keen interest that delegates at PRI in Person 2015, the annual […]
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