CalSTRS is pleased to publish our fifth annual Corporate
Governance Report. This is an opportunity for us as a large,
long-term shareholder to communicate with our stakeholders,
beneficiaries, investment partners and portfolio companies the
priorities of our Corporate Governance Program.
To gain better insight into the various investment implications
presented by climate change, CalSTRS collaborated with Mercer and
17 other participants in a research study, Investing in a
Time of Climate Change:California State Teachers’
Retirement System Portfolio Climate Change Risk
Assessment. The study highlights estimated portfolio
return implications under four climate change scenarios and
recommends appropriate actions to mitigate investment risk and
maximize value within the portfolio.