CalSTRS Sets Net Zero Goal by 2050, Expanding Sustainable Investments
California State Teachers' Retirement System (CalSTRS), managing $325.9bn, has set a net zero goal by 2050. It's expanding sustainable investments, with $1.3bn already in private markets, half in real estate and sustainable infrastructure.
CalSTRS' Sustainable Investment and Stewardship Strategies (SISS) unit is driving this net zero strategy. The fund plans to increase SISS investments to over $3bn, 1% of its total portfolio, in the next two to three years.
CalSTRS is actively reducing the carbon footprint of its holdings. It aims to cut emissions from corporate credit holdings by 12% and equity holdings by 14%, by shifting to low carbon indices. The fund has already invested $1.3bn in private markets, with half in real estate and sustainable infrastructure. Recently, CalSTRS joined a $15bn investment in Generate Capital's sustainable infrastructure platform.
CalSTRS is committed to its net zero goal by 2050. It's expanding sustainable investments and reducing emissions across its portfolio. The fund's SISS unit is central to this strategy, with plans to increase its impact significantly in the coming years.
