Low-Carbon Transition Work Plan highlights
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|
|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||
||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|
|CalSTRS leads on eight Climate Action 100+ engagements||Assess “Transition Readiness” across asset class||Secured net zero commitments from:
||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||
|Activist Stewardship||Assess “Transition Readiness” across asset class||Identified strategic opportunity for innovative activist stewardship methodology and campaign||Continued discussion with board|