SASB the missing link in ESG integration
ESG factors impact company financial performance and drive long-term value – but inadequate data is no longer an excuse for incorporating ESG into investment decisions.
ESG factors impact company financial performance and drive long-term value – but inadequate data is no longer an excuse for incorporating ESG into investment decisions.
“I don’t have to like you, we don’t have to be friends,” says Chris Ailman, chief investment officer of CalSTRS.
The investment staff of the $170-billion Californian Teachers Fund, CalSTRS, will present new asset allocation recommendations to the board next week, with a reduction in fixed income and the adoption of a new “absolute return” category the likely outcome. The fund is in the final stages of the long process of its 2012 asset liability
The $152.5-billion Californian State Teachers Retirement System (CalSTRS) is undertaking an asset-allocation review that will consider the underlying risk factors of assets for the first time. Chris Ailman, chief investment officer of CalSTRS, says the fund is in the middle of an asset-allocation study, which would likely take six months, and would take a different
The volatility in global markets has prompted the $154 billion CalSTRS to an underweight global equities position, moving assets into cash, its chief investment officer, Chris Ailman, said.
Relief for Californian state fund investment chiefs, their bosses and their members – with CalSTRS and CalPERS both returning 20+ per cent for the financial year – has been usurped by a reminder to politicians that the funds cannot invest their way to good health and a responsible funding strategy is required.
Sustainability