CalSTRS CEO Jack Ehnes Joins the Ceres Board of Directors
Investors' environmental network welcomes Jack Ehnes to its governing body
SACRAMENTO, CA – Ceres, a national network of investors and environmental organizations today named California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer, Jack Ehnes, to its board of directors
Founded in 1989, Ceres is a coalition of investors, environmental groups and other stakeholders that encourages companies and capital markets to incorporate environmental and social factors into their day-to-day decision making.
Ehnes will serve a three-year term on a 24-member board that includes members from mutual funds, consulting firms, unions, universities, foundations, churches and pension funds that collectively manage $5 trillion in assets.
“Joining the Ceres board is a natural fit for CalSTRS. We’ve a history of considering climate change and other risks in assessing investment opportunities,” Ehnes said. “Together, we will move sustainability principles more prominently into the investment equation, for the good of the planet and the bottom line.”
For more than 20 years, CalSTRS has had a policy to help define the role of social issues in making investment decisions. In 2006 CalSTRS adopted a geopolitical risk factor policy that was the first and most comprehensive of such policies of any U.S. public pension fund. CalSTRS has also adopted Ceres’ 14-point Climate Change Governance Checklist. This evaluation tool provides guidance on how to vote on proxy resolutions related to climate risks and disclosure.
In addition to considering geopolitical risks in investment decisions throughout the portfolio, CalSTRS has invested more than $1.2 billion in its sustainable investments program spread across the global equities, private equity and real estate asset classes.
Established 95 years ago, the California State Teachers’ Retirement System, with a $129 billion portfolio, is the second-largest public pension fund in the United States. It administers retirement, disability and survivor benefits for California’s 813,000 public school educators and their families from the state’s 1,400 school districts, county offices of education and community college districts.