Key Impact Points:

• CalSTRS, the world’s largest educator-only public pension fund, commits $150 million to Ninety One’s Global Environment strategy.
• The $4.2 billion strategy focuses on decarbonization, targeting renewable energy, resource efficiency, and electrification.
• This investment aligns with CalSTRS’ mission to secure financial performance while supporting sustainability goals.

Why it matters:

CalSTRS, a leader in sustainable investing, has awarded a significant $150 million mandate to Ninety One’s Global Environment strategy, reinforcing its commitment to investments that generate both financial returns and positive environmental impact.

What’s new:

Managed by Deirdre Cooper and Graeme Baker, the $4.2 billion Global Environment strategy is a high-conviction equity portfolio that leverages decarbonization opportunities. It focuses on companies that drive structural growth through renewable energy, resource efficiency, and electrification.

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The big picture:

With this mandate, CalSTRS continues its efforts to support the transition to net zero while providing long-term financial growth for California’s educators. This partnership is part of a broader trend where institutional investors are recognizing the financial and environmental value of decarbonization strategies.

What they’re saying:

Kirsty Jenkinson, Investment Director, CalSTRS, commented:
“Ninety One’s Global Environment strategy aligns with our commitment to deliver financial performance while simultaneously creating positive sustainability outcomes.”

Sangeeth Sewnath, Managing Director, Ninety One, added:
“CalSTRS is a global leader in sustainable investment. This partnership is a meaningful step as we continue to build our footprint in North America.”