Nobel laureate, Oscar-winning documentary filmmaker and former Vice President, Al Gore, praised
the CalSTRS board for its early support of sustainable investing. His accolades came via
videoconference
at the board's Nov. 1 meeting.
Gore thanked CalSTRS trustees for their vision in sustainable investments. "We are proud of the
kind of leadership that CalSTRS has shown," he told the board. Gore acknowledged the pension
fund for doing the right thing while assuring the best returns for its members. He said that
CalSTRS "put some force behind the arguments we've been making for quite some time."
CalSTRS is the second largest public pension fund in the U.S. with a $176 billion investment
portfolio. It has committed $510 million to sustainable investments, including a $50 million
commitment to Generation LLP, led by Gore.
Gore's comments were part of a performance update on CalSTRS'
Green Initiative Task Force,
an effort to integrate environmentally focused strategies across CalSTRS' entire portfolio.
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