Established in 1931, the Colorado Public Employees’ Retirement Association (‘PERA’) provides retirement and other benefits to employees of the state’s government agencies and public entities. As at December 31, 2019, PERA had $US 52 billion of assets under management.
As part of its responsible investment approach, PERA integrates material environmental factors when evaluating investments in public securities or through due diligence when evaluating asset managers. With regards to Active Ownership, PERA has adopted a policy for voting proxies pertaining to disclosure of sustainability metrics. Moreover, the firm is involved with the Council of Institutional Investors (CII) and the Sustainability Accounting Standards Board’s (SASB) Standards Advisory Group to help develop responsible investment practices within the industry.
2020 Investment Stewardship Report