2013 News Releases

2013 News Releases

Overview
News release Ricardo Duran

Investors: Extend Oil, Gas, and Real Estate Benefits to Clean Energy to Spur Investment
Passage of Master Limited Partnerships Parity Act and updated real estate tax terms would boost investment in renewable energy projects, investors say.

WEST SACRAMENTO, CA – Less than a week after President Obama unveiled an ambitious climate change action plan, the California State Teachers’ Retirement System (CalSTRS) and other major U.S. investors are encouraging policymakers to extend benefits available to oil, gas and real estate projects to spur investment in renewable energy developments.

News release Ricardo Duran

CalSTRS Launches Mobile-Optimized Website
CalSTRS Mobile delivers Web content in an easy-to-use format specifically designed for mobile devices.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced that a mobile-optimized version of their website, CalSTRS.com, is available. When accessing CalSTRS.com from a smartphone, users are automatically directed to CalSTRS Mobile and the Web content is optimized and transformed for enhanced functionality and use.

News release Ricardo Duran

CalSTRS Opens Member Service Center in Santa Clara
The center will offer Bay Area CalSTRS members a full range of retirement services.

The CalSTRS Member Service Center occupies 7,423 square feet on the third floor of the Santa Clara Towers building.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the Monday, June 17 opening of the Santa Clara Member Service Center. This is the second full-service member center outside of the CalSTRS headquarters in West Sacramento. The Glendale Member Service Center opened in January 2012.

News release Gretchen Zeagler

Led by CalSTRS and Oregon Treasurer, 22 U.S. Investors Sign Climate Declaration, Joining Call to Action on Climate Policy
On the Eve of the First Global Investor Forum on Climate Change in Hong Kong, Investors Cite Economic Opportunity of Addressing Climate Change in the U.S.

WEST SACRAMENTO, CA – On the eve of the inaugural Global Investor Forum on Climate Change on June 13-14 in Hong Kong, a total of 22 American investment firms with approximately $240 billion in assets under management, led by the California State Teachers’ Retirement System (CalSTRS) and the Oregon State Treasurer’s office, have signed the Climate Declaration, calling on U.S. policymakers to seize the American economic opportunity of addressing climate change.

Statement Ricardo Duran

CalSTRS Proposal to Split Timken Approved by Shareholders
Shareholders understand the added value of the businesses as separate companies.

WEST SACRAMENTO, CA – Shareholders today voted 53 percent to support the California State Teachers’ Retirement System (CalSTRS) proposal to split The Timken Company into separate steel and ball bearing businesses. The move will unlock greater shareholder value, CalSTRS officials announced at the annual shareholder meeting in Canton, Ohio.

News release Ricardo Duran

CalSTRS to Vote Against Key Timken Board Members
Poor governance has resulted in the board working in the Timken family interest.

CalSTRS to Vote Against Key Timken Board Members

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced how it will vote at the May 7, 2013, Timken Company annual shareholder meeting in Canton, Ohio. A detailed vote tally and analysis are available in the Corporate Governance section of the CalSTRS website.

News release Michael Sicilia

Is the U.S. Insurance Industry Prepared for Climate Change?
Analysis of first-ever industry-wide survey finds that only 23 of 184 companies have comprehensive climate change strategies, yet some leaders are emerging.

Ceres proposes recommendations to insurers and regulators to maintain insurability in a warming world.

BOSTON – 2012 was the warmest year on record in the lower 48 states and the second most extreme weather year in United States history. Insurers are increasingly acknowledging that extreme weather has become the new normal, yet a new report from Ceres finds that many in the industry are only just beginning to think about how to address the effects climate change may have on their business – while a small group of companies is leading the way.