In 2008, the CalSTRS Fixed Income Green Program was initiated to screen and monitor fixed income holdings both in terms of ESG risk exposure and ESG opportunity capture. The Fixed Income unit has developed a Green & Sustainable Benchmark and monitors the percentage of holdings that meet the benchmark‟s criteria. The CalSTRS Fixed Income unit is also a lead order for green bonds issued by supranational agencies. Since 2007, The CalSTRS Corporate Governance unit has made sustainability risk management one of its signatures initiatives. The corporate governance team engages portfolio companies, regulatory officials, government representatives, and fellow investors on.
