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California State Teachers' Retirement System CalSTRS

PRI reporting framework 2018

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework

Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - SSA

CalSTRS reports out on both of its internally managed asset class: Fixed Income and Public Equities. Investments in all asset classes, both internally and externally, follow CalSTRS ESG and 21 Risk Factor Policy. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

 

Fixed income - Corporate (financial)

CalSTRS reports out on both of its internally managed asset class: Fixed Income and Public Equities. Investments in all asset classes, both internally and externally, follow CalSTRS ESG and 21 Risk Factor Policy. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

 

Fixed income - Corporate (non-financial)

CalSTRS reports out on both of its internally managed asset class: Fixed Income and Public Equities. Investments in all asset classes, both internally and externally, follow CalSTRS ESG and 21 Risk Factor Policy. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

 

Fixed income - Securitised

CalSTRS reports out on both of its internally managed asset class: Fixed Income and Public Equities. Investments in all asset classes, both internally and externally, follow CalSTRS ESG and 21 Risk Factor Policy. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

 

Cash

CalSTRS reports out on both of its internally managed asset class: Fixed Income and Public Equities. Investments in all asset classes, both internally and externally, follow CalSTRS ESG and 21 Risk Factor Policy. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

 

Other (1) [as defined in Organisational Overview module]

CalSTRS reports out on both of its internally managed asset class: Fixed Income and Public Equities. Investments in all asset classes, both internally and externally, follow CalSTRS ESG and 21 Risk Factor Policy. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

 

16.2. Additional information [Optional].


SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - SSA

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

Fixed income - Corporate (financial)

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

Fixed income - Corporate (non-financial)

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

Fixed income - Securitised

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

Private equity

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

Infrastructure

Infrastructure investments are externally managed. These external managers are required to consider the CalSTRS 21 Risk Factors (ESG risks) when making investment decisions on CalSTRS behalf. The external managers are required to periodically acknowledge the need to consider these 21 risks and must provide explanation as to how this consideration was achieved. By requiring external managers to integarte ESG considerations into investment decision-making, CalSTRS is working to broaden the spectrum of risk being considered and improve investment risk management. 

Other (1) [as defined in Organisational Overview module]

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

Other (2) [as defined in Organisational Overview module]

External managers are expected to consider CalSTRS 21 ESG risk factors when making investment decisions on behalf of the fund. External managers are engaged on these risks during periodic due diligence meetings. External managers provide annual confirmation concerning their consideration of the 21 ESG risk factors.  

17.2. Additional information.


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