The California Responsible Investment Roadmap is the result of a collaboration between the PRI and the Climate Risk Initiative at UC Berkeley School of Law’s Center for Law, Energy & the Environment (CLEE). It draws on interviews with stakeholders and experts in California, including state policymakers and financial regulators, fiduciaries, and asset owners (representing both the public and private sectors), who already integrate ESG factors into their decision-making. This Roadmap builds on the conclusion of the Fiduciary Duty in the 21st Century Report — that failure to integrate material ESG factors into investment decision-making is a failure of fiduciary duty — by showcasing responsible investment efforts and best practices at the state level and making a set of recommendations for public- and private-sector actions to advance ESG integration in California.
Currently, the PRI has 104 signatories that have their headquarters or are based in California, and sever
