CalSTRS Selects Eight ESG-Focused Asset Managers
This group of U.S. and Non-U.S. Public Equity managers is eligible to receive future allocations.
WEST SACRAMENTO, Calif. (Feb. 2, 2018) – The California State Teachers’ Retirement System announced today that, following a rigorous 15-month process, it has selected eight Environmental, Social and Governance-focused asset managers. The following asset managers have been chosen to execute specific investment strategies. When the right investment opportunity presents itself, one or more of these managers are eligible to receive a commitment.
|Impax Asset Management Limited||Impax Leaders|
|Impax Asset Management Limited||Impax Water|
|Generation Asset Management US LLP||Asia Fund|
|Brown Advisory LLC||Large-Cap Sustainable Growth|
|Schroder Investment Management North America Inc.||International Equity|
|Nordea Investment Management North America Inc||Emerging Stars Equity|
|Hermes Investment Management Limited||Global Emerging Markets ESG|
|Candriam Luxembourg S.C.A.||Sustainable World Equities|
|Rockefeller & Co., Inc||
Global Sustainability and Impact Equity
While no investment funds have been committed to any of the managers, they are now eligible to receive an allocation when opportunities arise. Up to $1 billion total may eventually be committed.
The California State Teachers’ Retirement System, with a portfolio valued at $225.3 billion as of December 31, 2017, is the largest educator-only pension fund in the world. CalSTRS serves California’s more than 933,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts. After more than 25 years of service and with a median retirement age of 62.9, CalSTRS members’ average monthly pension is $4,475—with no Social Security eligibility. A hybrid retirement system, CalSTRS administers a combined traditional defined benefit, cash balance and voluntary defined contribution plan. CalSTRS also provides disability and survivor benefits.
See how CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative sustainability report: Global Stewardship at Work