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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.
Sustainability

Urgent policy action needed on climate

Last month Ceres convened the largest group of businesses calling for climate legislation in at least a decade. Their message was loud and clear: Congress must put forward policy responses equal to the severity of the climate crisis including a national price on carbon.
Sustainability

Fiduciary duty to push for climate change action: CalPERS CEO

CalPERS chief executive Ann Stausboll told delegates at an investor summit on climate change held in New York this week that the fiduciary duty of pension funds should extend to issues outside the parameters typically understood as being directly related to beneficiaries’ financial interests. Stausboll said it is a fiduciary duty of investors not only […]
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