The California State Teachers’ Retirement System (CalSTRS) has adopted a new investment belief establishing climate change as a fundamental consideration in all the organization’s investment decisions, reaffirming their commitment to low-carbon investments and environmental sustainability.
In this vein, CalSTRS released its 2019 Green Initiative Task Force Report , which highlights the organization’s environmental-themed investments and environmental risk-management efforts. Alexandria Real Estate Equities, Inc. (NYSE: ARE) was featured in the report as an example of one of their investments that demonstrates this commitment to sustainability-focused, low-carbon solutions that also generate positive returns.
CalSTRS focused on Alexandria’s reduction in both energy consumption and carbon pollution, as well as their sustainability goals for the next five years. The report also emphasized Alexandria’s upcoming multiple eligible green projects, including new or existing class-A development properties and tenant improvements that have received or are expected to receive Gold or Platinum LEED certification.
(Contact: Fulya Kocak at fkocak@nareit.com)