The Value of Engagements

The Value of Engagements


CalSTRS prefers engagement over divestment as it upholds our rights as a shareholder and allows us to discuss issues with companies that impact the long-term value of the fund. The board will consider divestment as a last resort, but only after pursuing engagement and conducting careful financial analysis.

Divestment is heavily weighed and carefully considered because it could have a negative impact on the fund. To date, the estimated loss from investment restrictions and divestments to the CalSTRS fund is approximately $6 billion from the first restriction in 2000 through March 30, 2019.

Updates on ongoing and current engagements are listed in the following PDF:

The Value of CalSTRS Engagements – Updated September 2019