CalSTRS' Efforts Improve Climate Risk Transparency
|February 8th, 2010||
|Contributed by: Emerging Manager Focus|
|CalSTRS has applauded a decision by the SEC to improve disclosure of climate risk in securities filings, which passed by a 3-2 vote. The legislation is to improve corporate disclosure and accountability, which CalSTRS considers a first step in addressing the impact of climate change risk on its portfolio companies.|
CalSTRS officials have said that addressing climate risk is key to maintaining long-term value from its investment holdings.
The California State Teachers’ Retirement System has a portfolio valued at $134.1 billion, the second largest public pension fund in the United States. It administers retirement, disability and survivor benefits for California’s 833,000 public school educators and their families from the state’s 1,400 school districts, county offices of education and community college districts.
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