Pension Sense blog | January 31, 2020
Whether you’re retired or actively teaching, chances are you’ve spoken with a young person who is concerned about climate change. In less than two years, the climate strike movement has spanned millions of people in hundreds of countries around the globe, and the movement’s protests reflect the public’s growing sense of urgency for governments and businesses to act on climate.
CalSTRS shares that same sense of urgency. Since our inception in 1913, CalSTRS has always prioritized long-term sustainability over short-term gain, and that’s why we are evaluating and managing climate risk to the Teachers’ Retirement Fund.
CalSTRS has adopted an investment belief establishing climate change as a fundamental consideration in all investment decisions. We are already identifying profitable low-carbon, climate-resilient investment opportunities across asset classes. We continue to use our influence as a global investor to engage companies to address climate risks within their business models and reduce greenhouse gas emissions.
All actions taken by CalSTRS are carefully balanced with our responsibility to provide retirement and disability benefits to the 964,000 educators and beneficiaries who depend on them. We commend the students around the world and in California for raising awareness about climate issues. We will continue to do our part to promote an orderly transition to a low-carbon economy while we deliver secure retirement benefits. Find the latest Green Initiative Task Force Report, which includes our analysis of climate risk, on the CalSTRS Transition to a low-carbon economy webpage.