Diversity, Equity & Inclusion (DEI)

Better Futures Start With Inclusion

At CalPERS, we’re committed to the people we serve, those who work here, and the larger community around us. We’re driving meaningful change through sustainable investment strategies, equitable health care delivery, and collaborative partnerships with employers and stakeholders.

In 2007, we became the first California state agency and the first pension fund to create a dedicated Diversity & Inclusion program. We’ve refined our practices since then, and we’ll continue to evolve in years to come.

Advancing our Mission through DEI

CalPERS is a global leader dedicated to providing a secure retirement for over 2.5 million members and excellent, equitable health care for more than 1.5 million members and their families.

We're responsible for cultivating a culture of belonging, inclusive partnerships, equitable opportunities, driving sustainable and high-performing investments, and aligning our work with our mission and vision.

To advance our mission, we developed a DEI Framework in 2021 that included five pillars, as introduced below. Through this evolving Framework, we actively engage with initiatives to integrate DEI into all aspects of our organization.

Culture

Goal: Bring DEI best practices into CalPERS’ culture.
Objective: Increase awareness, build mutually rewarding relationships, and foster collaboration.

Talent

Goal: A high-performing, equitable, and diverse workforce.
Objective: Ensure human resources processes are in place to strengthen diversity in recruitment, retention, equity, and succession.

Health Equity

Goal: Equitable health outcomes for members and their families.
Objective: Ensure all health members have the opportunity to attain the highest level of health possible.

Investments

Goal: Leverage the DEI Framework and Sustainable Investments Program to improve investment outcomes.
Objective: Deliver returns through the identification, analysis, and management of high-value sustainable investment risks and opportunities.

Supplier Diversity

Goal: High performing supplier diversity program.
Objective: Better understand supplier community through the lens of diversity, equity, and inclusion.

Beyond the Pillars

The Framework is an iterative roadmap that guides our commitment to implement DEI. Through strategic plans, goals and objectives, we continue to advance our efforts. This approach ensures we make a broader impact in all areas of our work, including stakeholder engagement, organizational excellence, and member experience.