Investors will overlook underdeveloped assessment frameworks if managers show how they will create change, say panellists at Impact Investor Global Summit.
Pensions have a fiduciary duty to invest for impact – and can blend risk and return projections to meet portfolio-level thresholds while achieving impact, said panelists at the Impact Investor Global Summit.
Meketa presented climate scenario risks, allocations shifted towards sustainable private markets and a colour-coded climate classification was adopted.
In what could be a milestone climate impact investing in private markets, CalSTRS' investment committee will consider increasing its private equity allocation from 13% to 14% on Thursday.
Despite their relatively small size, in-state and local impact allocations will require more oversight and draw more scrutiny than investors’ main private investment buckets.