One of the state public employee systems that we track is CalPERS — long a leader in advancing effective corporate governance and now a leader in embracing and communicating about ESG performance as part of their investment strategy.
The California Public Employees Retirement System (CalPERS) is the largest state investment fund in the USA, with Assets Under Management of US$257 billion as of March 31, 2103. More than 1.5 million public employees are covered by the system (including 550,000 retirees). Continue reading