In many ways, 2021 was a high-water mark for corporate activism. The CalPERS managers (with 1.8 public employee members' short- and longer-term retirement benefits and 1.3 million health plan members in mind) explored ways to be less susceptible to future shocks. A group of global private equity firms and pensions funds managing over $4 trillion in assets said on Thursday they have agreed to standardize . Calpers, Carlyle lead LP-GP ESG Data Convergence Project ... Vivien Killilea/WireImage For private companies, fund forgoing 1-on-1 engagement Betty T. Yee wants more engagement on diversity for private company boards. California Public Employees' Retirement System is focusing on co-investments and separately managed accounts to cut fees in . January 20, 2022 In her current role, she ensures governance among the boards of CalPERS' portfolio aligns with the strategic priorities set forth in its "Pension Beliefs." Mindy Lubber Print CalPERS, which currently holds approximately $290 billion in assets under management as at April 11, first adopted a real assets approach in 2011 as part of its current five-year plan, which includes infrastructure, real estate and forestland. CalPERS is stepping up its ESG investment program, despite evidence that funds based only on environmental, social and corporate governance strategies have tended to underperform. As the nation's largest state-based pension fund, the California Public Employees' Retirement System is known for using its massive investment muscle to promote various social-investment causes. Its infrastructure programme was founded in 2008. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance . We cannot guarantee that every book is in the library. Last August, CalPERS' Board adopted the Environmental, Social, and Governance (ESG) 5-Year Strategic Plan, a six -point plan that is the next evolution of CalPERS' work on sustainable investing . The move is being viewed by insiders as a signal that CalPERS is "all-in" on private equity. The big pension system, an early ESG leader, is half-way through a five-year plan that includes getting companies to report and reduce climate-changing carbon emissions and using ESG factors to… CalPERS zeroes in on transparency | Private Equity ... The pension has partnered with The Carlyle Group, the. Preqin has predicted that global private debt assets will be worth $2.7 trillion in 2026, which is more than double the current figure of $1.2 trillion. California Public Employees' Retirement System ... international private equity asset management group, on the project. CalPERS, UC Davis launch research initiative to study ... (CalPERS) launched the ESG Data Convergence Project, an attempt to. The California Public Employees' Retirement System (Calpers) and investment firm Carlyle are leading the newly launched ESG Data Convergence Project, an LP-GP initiative that aims to commit to a standardisation of ESG reporting., GPs, LPs, Investments, Carlyle Group, Towerbrook Capital Partners, CVC Capital Partners, Bridgepoint, Blackstone Group, Permira, EQT, ESG, CalPERS, AlpInvest The big pension system, an early ESG leader, is half-way through a five-year plan that includes getting companies to report and reduce climate-changing carbon emissions and using ESG factors CalPERS considers - then rejects - efforts to end tobacco divestment. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families". CalPERS taps Musicco as CIO | Venture Capital Journal CalPERS' Huge ESG Data Convergence Project in Private Equity Investors overseeing more than $4 trillion are banding together to standardize data on environmental, social and governance performance . CalPERS ESG Strategic Plan and Principles . In September 2013, the board adopted the "CalPERS Investment Beliefs," which today guide the investment office. By James E. Langston, Kyle A. Harris and Claire Schupmann January 19, 2022. by renholding. CalPERS to examine leverage policies | Private Funds CFO Last year, CalPERS announced its "Environmental, Social, and Governance (ESG) Five Year Strategic Plan," [6] which is a blueprint for the agency's so-called socially responsible investment strategy. James E. Langston and Kyle A. Harris are partners and Claire Schupmann is an associate at Cleary Gottlieb Steen & Hamilton LLP. Calpers votes against both Toshiba's break-up plan ... CalPERS' sustainable investment strategic plan sets out four channels through which we implement: advocacy, which is our work with policy makers and regulators in the US and internationally: engagement where we use our ownership position in companies to ensure effective risk management at companies; and integration, where each of our asset . By Ed Mendel. 22 February 2022. After an extensive review and high-level workshop earlier this month the CalPERS' investment team will seek board approval in December for a total-fund plan. Now, after years of impressive stock-market returns, the fund only is 70-percent funded. ESG Investing Goes Under the Microscope in CalPERS Debate ... Testimony before the U.S. House of Representatives ... The largest pension fund in the US is already one of the global leaders in engaging with companies on ESG risks, but by adopting the UN SDGs it would embrace more specific social objectives, such as ending poverty, hunger and gender inequality. 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