CalSTRS Releases Inaugural Sustainability Report, The Next 100 Years
West Sacramento, Calif. (PRWEB) May 12, 2015 -- The California State Teachers’ Retirement System (CalSTRS) today announced the release of its 2013–14 Sustainability Report: The Next 100 Years. CalSTRS is the first U.S. public pension fund to complete the rigorous and detailed sustainability reporting guidelines consistent with the Global Reporting Initiative.
The Next 100 Years is a clear statement delineating CalSTRS’ dedication to continue its rich history of serving California’s educators while balancing its environmental, social and governance impact on our planet. The report evaluates CalSTRS’ comprehensive initiatives in retirement security, investment impact, business practice transparency and environmental efforts.
“Understanding how to best manage long-term risks must be at the forefront and, ultimately, the foundation of a global financial services organization such as CalSTRS,” stated CalSTRS Chief Executive Officer Jack Ehnes. “Completion of a GRI-based sustainability report ensures we have taken steps consistent with our business beliefs and forward-thinking strategic business plan objectives.”
CalSTRS 2013–14 Sustainability Report: The Next 100 Years highlights:
• Retirement security: legislative approval of a CalSTRS full funding plan.
• Investment impact: 288-percent increase in green bond holdings over fiscal year 2012-13.
• Business transparency: public access to all of our proxy votes through the CalSTRS.com website.
• Environmental efforts: 22-percent decrease in water usage from the year 2013 at the LEED Platinum-certified CalSTRS Headquarters building.
“CalSTRS was founded on the principle that hard-earned retirement benefits reward decades of classroom service,” said Mr. Ehnes. “Taking the time to follow the GRI reporting guidelines resulted in a thorough and comprehensive report which concentrates on credible and lasting sustainability impacts that matter the most to the retirement security of our members.”
The California State Teachers’ Retirement System, with a portfolio valued at $191.2 billion as of March 31, 2015, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans. CalSTRS also provides disability and survivor benefits. CalSTRS serves California's 879,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts. Follow us on Twitter @CalSTRS
Michael Sicilia, California Teachers Retirement System, http://www.calstrs.com/calstrs-newsroom, (916) 414-1440, [email protected]
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