CalSTRS and CalPERS should link executive pay to climate goals, says California state-backed expert advisory group

California Climate Risk Disclosure Advisory Group delivers next ‘frontier’ recommendations to California State Governor Gavin Newsom

Public asset owners in California, including pension giants CalPERS and CalSTRS, should tie executive pay and incentives to climate goals, says an expert advisory group set up by the state’s Governor, Gavin Newsom.

Asset owners, it said, “should link executive incentives and/or va…

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