CalSTRS’ sustainability strategy: Net zero and investing in opportunities
CalSTRS has been integrating climate change into its portfolio for decades, but the strategy took a leap forward in 2021 when the pension fund adopted a 2050 net zero commitment that included an interim goal to reduce emissions from the portfolio by 50 per cent by 2030.
Kirsty Jenkinson, investment director for the sustainable investment and stewardship strategies at the pension fund, was initially sceptical of whether a net zero target would be the right approach. Two years in, she is convinced it has provided a new level of focus and anchor to climate investment at the $325.9 billion pension fund for California’s teachers.
Net zero is now one of the pension fund’s core strategic priorities, sitting alongside its 7 per cent…
