Don’t let ESG become ‘the next 3-letter bad word’ – CalPERS CEO

By Arleen Jacobius
Source: Pensions & Investments

ESG is about managing risks and spotting investment opportunities, and should not be allowed to become “the next three-letter bad word,” CalPERS CEO Marcie Frost said at the pension fund’s stakeholder forum on Wednesday.

“When you break down ESG … it’s around managing risks related to climate, managing risks related to poor human capital practices. It is about managing risks related to poor governance,” Ms. Frost said.

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