Sustainability Report highlights member retirement education
Chief Executive Officer Cassandra Lichnock highlighted the 2021–22 Sustainability Report as part of her March 2023 CEO Report.
The Sustainability Report is an annual snapshot of CalSTRS’ organizational resiliency, and this year’s edition focused on corporate sustainability topics such as member retirement education; progress of the CalSTRS Funding Plan; privacy and information security; the path to net zero; sustainable operations; workforce and employee wellness; and diversity, equity and inclusion.
The report follows the Global Reporting Initiative Standards, which are recognized as a global best practice for impactful reporting.
Member retirement education
California’s public educators live longer than the average U.S. population, making it essential they have enough savings to last through retirement. With that in mind, CalSTRS makes a point to engage with members from early in their careers to promote better retirement security.
CalSTRS Funding Plan progress
CalSTRS is on schedule to reach full funding for the Defined Benefit Program by 2046, under current actuarial assumptions.
Path to net zero
The commitment to achieve net zero greenhouse gas emissions in the CalSTRS Investment Portfolio by 2050 or sooner builds on nearly 20 years of influencing global sustainable business practices and public policies.
In 2022, the Teachers’ Retirement Board adopted four additional measures to enhance its efforts to achieve a net zero investment portfolio, address climate change and support the retirement security of California’s public teachers.
Diversity, equity and inclusion
CalSTRS participates in diversity and inclusion efforts internally and across the investment management industry. The CalSTRS Investments team also promotes diversity on the corporate boards of companies in which it invests.