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The California State Teachers Retirement System (CalSTRS), headquartered in the United States, is a prominent entity within the Other Services (93) industry. Established in 1913, CalSTRS serves as a vital retirement fund for California's educators, managing a substantial portfolio to ensure financial security for its members.
With a focus on providing retirement, disability, and survivor benefits, CalSTRS stands out for its commitment to sustainable investment practices and member engagement. The system has achieved significant milestones, including being one of the largest public pension funds in the world, which underscores its market position and influence.
CalSTRS is dedicated to supporting over 900,000 members, making it a cornerstone of financial stability for California's teaching professionals. Its unique approach to investment and member services continues to set it apart in the retirement system landscape.
+5 vs industry average
California State Teachers Retirement System’s score of 29 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Other Services has below-average carbon intensity
The Other Services industry has reduced its overall emissions by 37% since 2018
Scope 3 accounts for ••• of total emissions.
As of 2023, the California State Teachers' Retirement System reported 923,000 kg CO2e in Scope 2 emissions, attributed to purchased electricity. This represents a decrease from 977,000 kg CO2e in 2022 and 864,000 kg CO2e in 2021 for the same scope.
Historically, in 2017, the organisation reported total emissions of 2,132,000 kg CO2e, comprising 205,000 kg CO2e in Scope 1, 1,419,000 kg CO2e in Scope 2, and 821,000 kg CO2e in Scope 3 (business travel). In 2016, total emissions were 2,238,000 kg CO2e, with 244,000 kg CO2e in Scope 1, 1,994,000 kg CO2e in Scope 2, and 774,000 kg CO2e in Scope 3 (business travel). In 2015, total emissions were 2,135,000 kg CO2e, with 238,000 kg CO2e in Scope 1, 1,897,000 kg CO2e in Scope 2, and 777,000 kg CO2e in Scope 3 (business travel).
California State Teachers' Retirement System aims to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions from its operations by January 2035, or as soon as possible thereafter, aligning with Senate Bill 1203. The organisation previously set near-term targets to reduce Scope 1 emissions by 30% and Scope 2 emissions by 16% by 2020, with 2015 as the baseline year. Additionally, the organisation is committed to meeting or exceeding the requirements of its sustainability policies, with long-term net-zero goals for Scope 1 and Scope 2 extending to 2050.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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