CalSTRS portfolio manager previously served with CII from 2015–2019
Statement | Thomas Lawrence
WEST SACRAMENTO, Calif. (March 16, 2021) – The California State Teachers’ Retirement System (CalSTRS) today announced that portfolio manager Aeisha Mastagni was elected to the board of directors for the Council of Institutional Investors (CII).
Mastagni, who works in CalSTRS’ Sustainable Investment and Stewardship Strategies (SISS) unit, also served on the CII board of directors from 2015—2019. She was also elected as co-chair for the public fund constituency.
“The Council of Institutional Investors is an effective and impactful organization that advances governance standards on behalf of its members, and I am honored to serve on the board,” Mastagni said. “Our mission in SISS is to be a catalyst in transforming financial markets to focus on long-term value creation that fully integrates sustainability considerations, which is perfectly aligned with CII.”
With CalSTRS, Mastagni focuses on corporate engagement, executive compensation, and working with regulatory authorities on comprehensive issues such as environmental, social and governance (ESG) risks.
CII is a nonprofit association of pension funds, other employee benefit funds, endowments and foundations and is a leading voice for effective corporate governance, strong shareowner rights and sensible financial regulation. CalSTRS’ membership in CII aligns with its focus on incorporating ESG considerations into its investment decisions, which helps secure the financial future of California’s educators. CalSTRS has a long history of working with CII since its founding in 1985, and CalSTRS CEO Jack Ehnes is a previous CII board chair.
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CalSTRS provides a secure retirement to more than 975,000 members whose CalSTRS-covered service is not eligible for Social Security participation. In 2019–20, members retired on average after more than 24 years in the classroom with a monthly benefit of approximately $4,614. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with approximately $286.9 billion in assets under management as of February 28, 2021. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative Sustainability Report. For more information, visit CalSTRS.com.