Low-Carbon Transition Work Plan highlights
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CalSTRS will capitalize on new investments that are additive to the total fund, with a focus on the intersection of climate change and positive financial drivers that support a low-carbon transition.
Sustainable investment initiatives | Board priority | Progress | Upcoming activities |
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SISS Private Portfolio | Expand investments in low carbon solutions | Developing proposed structure and governance framework for SISS private portfolio | Request approval of SISS private portfolio by December 2020 |
Develop SISS pipeline | Expand investments in low carbon solutions | Initiated due diligence on more than 10 low-carbon related investment opportunities | Continue development and assessment of opportunities |
Asset Class Partnerships |
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Identify existing relationships within CalSTRS private asset classes to leverage high-quality deal flow | Discuss investment opportunities with existing strategic partners |
CalSTRS has intensified its efforts to secure strong commitments from companies to reduce emissions and manage low-carbon transition risks.
Engagement initiatives | Board priority | Progress | Upcoming activities |
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CalSTRS leads on eight Climate Action 100+ engagements | Assess “Transition Readiness” across asset class | Secured net zero commitments from:
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Monitor progress on net zero commitments, and secure commitments from Torray Industries, Nippon Steel and Phillips 66 |
Low Carbon Policy Advocacy | Assess “Transition Readiness” across asset class |
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Activist Stewardship | Assess “Transition Readiness” across asset class | Identified strategic opportunity for innovative activist stewardship methodology and campaign | Continued discussion with board |