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.

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.

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in