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Statement Karen Doron

Statement on proxy advisor support for alternate ExxonMobil director slate

WEST SACRAMENTO, Calif. (May 14, 2021) – CalSTRS issued the following statement today following a report issued by proxy advisor ISS recommending shareholders support the alternate director slate for ExxonMobil submitted by investment firm Engine No. 1 and supported by CalSTRS:

It’s time for change at ExxonMobil.

While the final results will not be known until every shareholder vote is counted, the recommendation by ISS reaffirms our belief that ExxonMobil’s board must be strengthened to drive systemic change and help ensure a long-term energy transition strategy.

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Current as of May 12, 2021

We know you may have concerns about the implications of the COVID-19 pandemic to your long-term retirement plans, plus questions about how to access CalSTRS services during this time.

The health and well-being of our members is of the utmost importance. Our goal is to care for you as much as you care for your students. You can rely on us to continue to pay your benefits on time.