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California Public Employees' Retirement System CalPERS

PRI reporting framework 2019

Export Public Responses

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (C) Implementation: Integration of ESG factors

(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the ESG factors you systematically research as part of your investment analysis and the proportion of actively managed listed equity portfolios that is impacted by this analysis.

ESG issues

Proportion impacted by analysis




Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

ESG is fully integrated into the investment decision making process of the Global Equity Aggregate portfolio.

LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on a robust analysis.

09.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your integration strategy.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.4. Indicate how frequently you review internal research that builds your ESG integration strategy.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information.[Optional]

CalPERS works collaboratively with its research providers, external managers and sell-side analysts to fully understand the risks and opportunities of its listed equity portfolios. Research reports are updated as new information becomes available that materially impacts company operations or portfolio analytics. Individual portfolios are analyzed monthly to assess the ESG characteristics relative to the Policy benchmark as well as ESG specific benchmarks. If issues of concerns are identified, staff researches the issue, communicates with external managers and research providers and may engage company management. The intent is to better understand the risks and opportunities created by the issue/event and determine appropriate action.

LEI 10. Aspects of analysis ESG information is integrated into (Private)