ESG investment policy

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.

Download Investment Policy for Mitigating Environmental, Social, and Governance Risks

Divestment Policy

Adopted in 2009 by the Teachers’ Retirement Board, CalSTRS developed a formal divestment policy to facilitate appropriate response to divestment initiatives presented to the fund.

Responsible Contractor Policy

The CalSTRS Responsible Contractor Policy seeks to monitor the use of labor in the development and management of real estate investments. The goal is to insure that pension fund capital is funding projects that pay a fair wage and benefit for all work and services related to the construction and management of the assets.