CalSTRS found that 11 managers offer 21 products that are "environmentally sensitive," up from zero in 1990. The study, commissioned by the $134 billion California State Teachers' Retirement System, Sacramento, and conducted by Pension Consulting Alliance, found increasing opportunities for institutional investors to achieve both a reasonable financial return and to meet environmental objectives. The CalSTRS board will review the study at its Dec. 7 meeting, and full results will be listed at www.calstrs.com/sustainability.
"CalSTRS is closely studying the opportunities in this area," Christopher J. Ailman, CIO, said in a press release. "As long-term investors, it is our responsibility to take into account sustainable environmental policies that may affect the future growth and stability of our investments."
