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California State Teachers' Retirement System CalSTRS

PRI reporting framework 2018

You are in Direct - Listed Equity Incorporation » Outputs and outcomes

Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe the influence on composition or other effects

Very select exclusion from very specific securities. CalSTRS 21 Risk Factor Policies documents this process. http://www.calstrs.com/sites/main/files/file-attachments/esg_policy_and_21_risk_factors.pdf

12.2. Additional information.[Optional]


LEI 13. Measurement of financial and ESG outcomes of ESG incorporation

13.1. Indicate whether your organisation measures how your approach to responsible investment in Listed Equity has affected your portfolio’s financial and/or ESG performance.

a) Funds’ reputation

Describe the impact on:
Describe the impact
Which strategies were analysed?
Funds' reputation

Which strategies were analysed?

b) Funds’ financial performance: return

Describe the impact on:
Describe the impact
Which strategies were analysed?
Funds' financial performance: return

c) Funds’ financial performance: risk

Describe the impact on:
Describe the impact
Which strategies were analysed?
Funds' financial performance: risk
Describe the impact on:
Describe the impact
Which strategies were analysed?
Funds' ESG performance

13.2. Describe how you are able to determine these outcomes.


LEI 14. Examples of ESG issues that affected your investment view / performance

14.1. Provide examples of ESG issues that affected your investment view and/or performance during the reporting year.

ESG issue and explanation

California State Teachers’ Retirement System voted today to divest from select U.S. and Non-U.S. thermal coal companies. CalSTRS determined that given the financial state of the industry, the movement of the regulatory landscape and coal’s impact on the environment, its presence reflects a loss of value. 

 

2016:  http://www.calstrs.com/news-release/calstrs-divests-us-thermal-coal-companies

 

 

2017:https://www.calstrs.com/news-release/calstrs-takes-action-divest-all-non-us-thermal-coal-holdings

Impact on investment decision or performance

14.2. Additional information.[Optional]


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