RI has partnered with the Committee on Workers Capital (CWC) to publish a series of CWC Trustee Profile interviews with union-nominated pension fund trustees that touch on the role of individual board members in driving innovation around responsible investment at their funds. This installment is with Sharon Hendricks, Vice-Chair of the CalSTRS Board of Trustees.
To gain better insight into the various investment implications presented by climate change, CalSTRS collaborated with Mercer and 17 other participants in a research study, Investing in a Time of Climate Change:California State Teachers’ Retirement System Portfolio Climate Change Risk Assessment. The study highlights estimated portfolio return implications under four climate change scenarios and recommends appropriate actions to mitigate investment risk and maximize value within the portfolio.
Climate change risk is viewed as a material risk assessed across the entire portfolio that could impact current and future investment value. CalSTRS believes that the underlying risk of climate change should be addressed now to capture economic growth opportunities and mitigate long-term risks for the benefit of California’s educators.
The CalSTRS assessment is part of a larger study by Mercer similarly titled, Investing in a Time of Climate Change, which offers a comprehensive approach to manage key downside risks and access opportunities for other investors, asset owners and investment managers.
Investing in a Time of Climate Change: California State Teachers’ Retirement System Portfolio Climate Change Risk Assessment
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.