Large Asset Owners Urge Russell 1000 to Take Heed of ESG Risks

The two largest American public pension plans, California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS), signed a letter along with the Board of Pensions of the Presbyterian Church and several dozen others. The purpose of the letter is to implement environmental, social and governance (ESG) concerns into their business models.
Although ESG investing has originally met with intense skepticism by the bulk of American asset owners, it is now beginning to gain traction.

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