The California State Teachers Retirement System (CalSTRS) is a prominent public pension fund headquartered in the United States, specifically in West Sacramento, California. Established in 1913, CalSTRS serves over 900,000 members, primarily educators and school staff across California, making it one of the largest pension funds in the world. CalSTRS focuses on providing retirement, disability, and survivor benefits, ensuring financial security for its members. Its unique investment strategy emphasises sustainable and responsible investing, setting it apart in the pension industry. With a strong commitment to environmental, social, and governance (ESG) principles, CalSTRS has achieved notable recognition for its proactive approach to investment management. As a leader in the public pension sector, CalSTRS continues to innovate and adapt, maintaining a robust market position while prioritising the long-term financial health of its members.
How does California State Teachers Retirement System's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
California State Teachers Retirement System's score of 26 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, the California State Teachers Retirement System (CalSTRS) reported approximately 977,000 kg CO2e in Scope 2 emissions, specifically from purchased electricity. This figure represents a significant aspect of their carbon footprint, as they have not disclosed any Scope 1 emissions data. In 2021, CalSTRS reported a total of about 4,088,000 kg CO2e, which included 864,000 kg CO2e from Scope 2 emissions and approximately 3,088,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown included about 944,000 kg CO2e from business travel and 290,000 kg CO2e from fuel and energy-related activities. Despite these emissions figures, CalSTRS has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The organisation's climate commitments remain vague, with no formal pledges or initiatives reported. CalSTRS does not inherit emissions data from any parent or related organisations, ensuring that their reported figures are solely reflective of their own operations. As they continue to assess their environmental impact, further transparency and commitment to reduction strategies may be anticipated in future reports.
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2021 | 2022 | |
---|---|---|
Scope 1 | - | - |
Scope 2 | 864,000 | 000,000 |
Scope 3 | 3,088,000 | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
California State Teachers Retirement System is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.