California Public Employees’ Retirement System, California State Teachers’ Retirement System and other major institutional investors called on the 1,000 largest U.S. companies to “embrace a new reality” and imbed environmental, social and governance concerns into their business models.
“Environmental and social sustainability issues can no longer be considered off-balance-sheet issues,” the letter said. “Rather they are material, financial issues posing both risks and opportunities to the long-term success of corporations.”
We couldn't agree more.
Read more at Pensions & Investments
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