By Arleen Jacobius
Source: Pensions & Investments
CalPERS CEO Marcie Frost decried the politicization of environmental, governance and social investing at Wednesday’s board meeting and highlighted the benefits of the $443.2 billion pension plan’s ESG approach.
“In some cases, the (midterm election) campaign rhetoric not only dismissed the danger of climate change, it went so far as to mischaracterize a strategy we believe in strongly: examining the risk factors of the environment, of social inequality, and of good governance,” Ms. Frost said. “The falsehoods about ESG risk analysis have been so widespread that I even heard them repeated during our Educational Forum”