WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s Director of Corporate Governance Anne Sheehan was elected Chairman of the Securities and Exchange Commission’s Investor Advisory Committee today.
Ms. Sheehan was appointed as a member of the IAC when it was created in 2012, followed by her election as vice chairman in June 2015. Since April 2017, after Kurt Schacht left the committee, Ms. Sheehan has been acting chairman. In addition, Ms. Sheehan served as Chairman of the Investor as Owner Subcommittee from 2012 to 2014.
CalSTRS business and investment decisions consider environmental, social and governance implications, also referred to as ESG issues.
CalSTRS is a signatory to the United Nations Principles for Responsible Investment, was part of the UN Global Compact expert working group Investment in Conflict Areas, and is a founding member of the Conflict Risk Network. The Teachers’ Retirement Board also endorses the Principles for Responsible Investment. More than 20 years ago, CalSTRS developed a Statement of Investment Responsibility to help define the role of sustainable investment decisions.
Consistent with its fiduciary responsibilities to CalSTRS members, The Teachers’ Retirement Board has a social and ethical obligation to require that the corporations and entities in which securities are held meet a high standard of conduct and strive for sustainability in their operations. As an active owner, CalSTRS incorporates PRI and other ESG principles into its investment policies and practices. The links below provide an overview of our relevant policies and practices.
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