April 22, 2016

Communications & Stakeholder Relations
(916) 795-3991
Brad W. Pacheco, Deputy Executive Officer
Wayne Davis, Chief, Office of Public Affairs
newsroom@calpers.ca.gov

Anne Stausboll says agreement can lead to new investments in clean tech

SACRAMENTO, CA - Speaking at the United Nations today, Anne Stausboll, CEO of the California Public Employees' Retirement System (CalPERS), told dignitaries from around the world that the Paris Agreement on climate change has opened the door for global investment in clean technology innovations that will help reduce greenhouse gas emissions.

"The Agreement has unleashed an unprecedented opportunity for institutional investors worldwide - a powerful global green light to shape tomorrow's low-carbon economy," Stausboll told leaders from the public and private sectors following the morning signing of the historic agreement.

Stausboll spoke to nearly 350 officials at the High-Level Luncheon for the Paris Agreement Signature Ceremony hosted by U.N. Secretary-General Ban Ki-moon. Besides the Secretary-General, others attending the luncheon included President Francois Hollande of France, President Juan Manuel Santos of Colombia, California Governor Jerry Brown, New York City Mayor Bill de Blasio, and heads of state and representatives from over 60 countries.

Stausboll was invited to speak at the U.N. Paris Agreement signing ceremony because of CalPERS' decade-long work addressing climate change with the companies it invests in. This year CalPERS has joined with other long-term investors pressing for important proxy resolutions concerning climate change issues at nearly three dozen public companies. CalPERS also supports carbon pricing and national policies removing subsidies for fossil fuels to allow financial capital to flow into new technologies.

View a transcript (PDF) of Stausboll's remarks.

For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.7 million members in the CalPERS retirement system and administers benefits for nearly 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $297 billion. For more information, visit www.calpers.ca.gov.

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