WEST SACRAMENTO, Calif. (April 15, 2019) – California State Teachers’ Retirement System announced that trustee Sharon Hendricks was elected to the PRI Association Board. As an independent organization, PRI encourages investors to use responsible investment to enhance returns and better manage risks.
Corporate engagement is one of the key tools CalSTRS uses to influence change in the marketplace.
Each year, Corporate Governance staff, under direction from the Teachers’ Retirement Board, determines key issues to engage portfolio companies on over the next fiscal year. Each issue must be consistent with the CalSTRS Corporate Governance Program and Portfolio Policy and CalSTRS Investment Policy for Mitigating Environmental, Social and Governance Risks.
CalSTRS prefers engagement over divestment as it upholds our rights as a shareholder and allows us to discuss issues with companies that impact the long-term value of the fund. The board will consider divestment as a last resort, but only after pursuing engagement and conducting careful financial analysis.
