CalSTRS affirms commitment to low-carbon economy
The $248 billion California State Teachers’ Retirement System has affirmed its commitment to the climate with a new strategy that makes climate change a fundamental consideration in all its investment decisions.
The pension fund said it is already targeting low-carbon climate resilient investment opportunities across asset classes.
“CalSTRS believes that public policies, technologies and physical impacts associated with climate change are driving a transition to a lower carbon economy,” said the pension fund in a recent blog post. “CalSTRS recognizes the critical role that carbon pricing frameworks may play in integrating the costs of carbon emissions into the global economy to accelerate an orderly low-carbon transition and avoid exacerbating economic inequality and related geopolitical risks.”
In January 2020, CalSTRS released its latest Green Initiative Task Force report, outlining the pension fund’s integration of climate-related risks into its i