Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

CalPERS’ chief investment officer: the SDGs are a “gift to investors”



CalPERS, the $357 billion pension fund for California public employees, gets credit for engaging companies over the risks posed by firms’ environmental, social and governance practices. (In October, the New America think tank named the fund to its list of 25 Most Responsible Asset Allocators.) With the onset of action on the 17 UN Sustainable Development Goals for poverty reduction, social well-being and climate action, the California pension fund is looking at risks with a broader lens.

Universal Ownership: The supertankers of global finance are shifting course

Calling the SDGs a “gift to investors,” Ted Eliopoulos, CalPERS’ head of investments, told a January board retreat that his staff is exploring how its existing sustainable-investment plans align with the Global Goals, reports top1000funds.com.

“The concept of risk may well have to be expanded even further to incorporate the lack of progress toward some of the other aspirations of the sustainable development agenda — such as reducing inequities or [achieving] gender empowerment and equity — which themselves have an impact on macroeconomic factors,” Eliopoulos said.

The SDGs can also help drive returns, says Anne Simpson, CalPERS’ investment director for sustainability. For instance, just four sectors central to the goals — energy, cities, food and agriculture and health and well-being — represent an estimated $12 trillion opportunity each year. “The sustainable development goals are intended to build prosperity,” Simpson told top1000funds.com. “That’s really why we’re interested.”

You might also like...