Brett Johnson

‘The world is not on track’ for the net zero future that the US pension giant envisioned for portfolio, sustainable investing head at Bridgewater tells CalSTRS.

Acknowledging uncertain legal risks and the potential to be thrust into a national spotlight, the pension will nonetheless resume the process to hire a DE&I consultant.

The public pension has had to defend its decision to include energy company holdings in its climate-focused portfolio at a recent meeting.

Consultant, staff suggest council shouldn’t gamble on significant re-shuffle to meet strict emissions deadlines as the system mulls climate risk.