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California State Teachers' Retirement System CalSTRS

PRI reporting framework 2018

You are in Strategy and Governance » ESG issues in asset allocation

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

New selection options have been added to this indicator. Please review your prefilled responses carefully.

13.1. Indicate if your organisation executes scenario analysis and/or modelling in which the risk profile of future ESG trends at portfolio level is calculated.

Is this scenario analysis based on a 2°C or lower scenario?

          Specific Catastrophic Risk Analysis
        

SG 13.1a CC. Pleased describe the resilience of your organisation’s strategy, considering different future climate scenarios.

Strategy affected
Changes to strategy
Description of scenario and time-horizon
How analysis has been used
          https://www.calstrs.com/investing-time-climate-change-study
        
          https://www.calstrs.com/investing-time-climate-change-study
        
          https://www.calstrs.com/investing-time-climate-change-study
        
          https://www.calstrs.com/investing-time-climate-change-study
        

13.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

We do the following

13.3. Additional information. [OPTIONAL]


SG 14. Long term investment risks and opportunity

14.1. Describe the process used to identify short, medium and long-term risks and opportunities that could have a material impact on your organisation and its activities.

https://www.calstrs.com/investing-time-climate-change-study

14.1 CC. Describe the processes used to determine which climate-related short, medium and long-term risks and opportunities could have a material impact on your organisation and its activities.

https://www.calstrs.com/investing-time-climate-change-study

14.2. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following you act on.

14.2a cc. Please describe how you define “short”, “medium” and “long term”, and describe your material climate-related issues over these time horizons.

Definition
Description of material climate-related issues
Short term
          https://www.calstrs.com/investing-time-climate-change-study
        
          https://www.calstrs.com/investing-time-climate-change-study
        
Medium term
          https://www.calstrs.com/investing-time-climate-change-study
        
          https://www.calstrs.com/investing-time-climate-change-study
        
Long term
          https://www.calstrs.com/investing-time-climate-change-study
        
          https://www.calstrs.com/investing-time-climate-change-study
        

14.3. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

14.4. Indicate which of the following tools you use to manage emissions risks and opportunities

14.6. Additional information [Optional]

14.7 CC. Describe your risk management processes for identifying, assessing, and managing climate-related risks.

Please describe

https://www.calstrs.com/sites/main/files/file-attachments/green_report_2017.pdf

14.8 CC. Describe your processes for prioritising climate-related risks.

https://www.calstrs.com/sites/main/files/file-attachments/green_report_2017.pdf

14.9 CC. Do you conduct engagement activity with investee companies to encourage better disclosure and practices around climate-related risks?

Please describe

Throughout the year CalSTRS engages many companies on a variety of ESG issues including climate-related risks. More information can be found in CalSTRS Corporate Governance annual report. 

https://www.calstrs.com/report/corporate-governance-annual-report

 

14.10 CC. Describe how you use data from climate-related disclosures.

We use data to assess how companies are managing and responding to climate-related risks. Some examples include water, electricity, and GHG emission and emission intensity metrics. 

 

https://www.calstrs.com/report/corporate-governance-annual-report

https://www.calstrs.com/sites/main/files/file-attachments/green_report_2017.pdf

 


SG 15. Allocation of assets to environmental and social themed areas

New selection options have been added to this indicator. Please review your prefilled responses carefully.

15.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

15.2. Indicate the percentage of your total AUM invested in environmental and social themed areas.

5 %

15.3. Specify which thematic area(s) you invest in, indicate the percentage of your AUM in the particular asset class and provide a brief description.

Area

Asset class invested

3 % of AUM

Brief description and measures of investment

Private Equity investments are a colleciton of mostly externally managed buyout, co-invest and venture capital investment in a variety of clean energy generation and technology companies. 

Infrastructure investments are externally managed and cover a variety of clean energy generation and transmission projects primarily located in North America and Europe. 

Fixed Income invests in green bonds that cover projects such as clean energy generation, energy efficiency, hybrid vehicle financing, and climate resilient growth. 

The listed equity investments are within CalSTRS externally managed sustainable manager portfolio. These managers choose listed equity companies that show superior ESG integration into their business processes. 

Asset class invested

90 % of AUM

Brief description and measures of investment

CalSTRS is invested in externally managed funds that own green buildings such as hospitals and courthouses. CalSTRS also invests in green office properties. As of June 30, 2017, nearly 90 percent of CalSTRS’ directly controlled office buildings are Energy Star-certified and have achieved LEED certification.

https://www.calstrs.com/sites/main/files/file-attachments/green_report_2017.pdf

 

 


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