(Bloomberg) -- The California Public Employees' RetirementSystem recently opened a new chapter in sociallyresponsible investing (aka environment, social, and governance, orESG, investing) when its investment committee decided to startrequiring that the boards of the companies it invests in includeclimate change experts.

With this move, CalPERS is attempting to turnESG investing on its head. Rather thandivest from companies it deems undesirable, it will engage thosecompanies and attempt to improve them from the inside.

Which begs the question: What’s causing CalPERS to rethinkthe traditional levers of ESG investing?

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.