CalPERS to launch pilot program for ESG criteria next month
CalPERS next month will begin a one-year pilot program of its sustainable investment guidelines, the latest phase in its multiyear project to integrate ESG manager expectations across all asset classes. In investment committee meeting materials, the draft of the sustainable investment guidelines integrates four of the Sacramento-based $308.1 billion California Public Employees’ Retirement System’s 10 investment beliefs it established in September 2013, along with three United Nations Principles for Responsible Investment, and CalPERS’ global governance principles. […]