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Welcome to our Global Governance website. We believe good governance leads to better performance. We seek corporate reform to protect our investments. The global governance team challenges companies and the status quo — we vote our proxies, we work closely with regulatory agencies to strengthen our financial markets, and we invest with partners that use governance strategies to earn value for our fund by turning around ailing companies.

The Importance of Corporate Engagement on Climate Change

CalPERS recognizes climate change as a material risk to society, the economy, and the impacts on our investment decisions. CalPERS has been at the forefront of tackling climate change issues through policy advocacy, engagement with portfolio companies and investing in climate change solutions.

We firmly believe that engagement is the first call of action, and results show it is the most effective form of communicating concerns with the companies we own. Learn more about the impact CalPERS and CalSTRS are making through engagement by reading our fact sheet (PDF, 28 KB).

When it comes to dealing with climate change and other issues affecting corporate governance, engagement gives us a voice, leverage, and a seat at the table.