The California State Teachers’ Retirement System (CalSTRS) voted against the boards of directors at 2,035 companies during the 2023 proxy season for failing to provide the pension fund’s expected level of climate risk disclosures. These boards represented a range of industries, including steel producers, transportation companies, and metal and mining companies.
Giant pension fund votes against 2,035 boards for climate risk disclosure failures
California State Teachers’ Retirement System, with $315 billion assets, takes ‘serious action’ to secure climate risk disclosures.