CalPERS on Thursday said it has scored an “A+” on an assessment posed by the UN-backed Principles of Responsible Investment (PRI), which grades asset managers on responsible investing.
More from ai-cio.com:
The California Public Employees’ Retirement System (CalPERS) released the results of its 2015 Principles of Responsible Investment (PRI) Assessment Report Thursday. The $300 billion fund said it received an ‘A+’ for its overarching approach to responsible investment, the highest possible grade offered by PRI.
PRI, an initiative backed by the United Nations, scores participating asset owners, investment managers, and professional service partners on their compliance with a set of standards for responsible and sustainable investment.
“We are proud of our exceptional score,” said Ted Eliopoulos, CIO at CalPERS. “A commitment to sustainable investing is ingrained throughout our investment beliefs.”
[…]
Anne Simpson, investment director for global governance at CalPERS, said the fund’s PRI scores were indicative of its progress toward sustainable investment activity.
“We know this is an evolving field and there is still much work to be done,” said Simpson.
Nearly 300 asset managers and owners have signed onto the PRI initiative. Collectively, they manages $59 trillion in assets.
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