The California State Teachers’ Retirement System (CalSTRS) has approved a four-part framework that includes a commitment to achieving net-zero greenhouse gas emissions across its investment portfolio by 2050 or sooner.
The framework also includes the development of a net-zero action plan that will establish a baseline and milestones for managing emissions-related risks, expand investments in low-carbon solutions and drive ongoing engagement with companies in the CalSTRS portfolio to promote a responsible net-zero transition.
The third part of the framework includes establishing actions for the next year to ensure clear internal governance structures, appropriate methodologies and frameworks to support net-zero commitments, portfolio emissions measurement and interim goals.
Finally, CalSTRS will seek to provide and encourage regular reporting on progress toward net-zero investments.
The framework is in line with the United Nations’ Race to Zero campaig