17 01, 2024

CalPERS CEO Marcie Frost hopeful CIO will be chosen in first quarter

2024-01-17T15:01:17-08:00January 17th, 2024|Categories: Corporate Governance|Tags: , , |

By Arleen Jacobius Source: Pensions & Investments CalPERS CEO Marcie Frost said she is optimistic that the $483.3 billion pension fund will select a new chief investment officer in the first quarter. The Chief Investment Officer Selection Subcommittee's first round of interviews with potential candidates were scheduled to begin Jan. 17. Frost made the comment at the California Public Employees' Retirement System's Jan. 17 stakeholders meeting. “I know I indicated that the first quarter is the best outcome (to [...]

19 01, 2023

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

2023-01-19T15:58:01-08:00January 19th, 2023|Categories: ESG|Tags: , , |

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. Read the full article

17 11, 2022

CalPERS CEO pushes back against politicization of ESG investing

2022-11-17T14:33:59-08:00November 17th, 2022|Categories: ESG|Tags: , , , |

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," [...]

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