The Los Angeles County Employees Retirement Association (LACERA) was introduced to administer a pension trust fund providing defined retirement and death benefits to eligible Los Angeles County employees. As at June 30, 2019, LACER had US$ 58.2 billion of assets under management.
As an UN PRI signatory, LACERA integrates ESG factors into the investment analysis that might impact the risk/return profile of their investments. Additionally, ESG is integrated in the selection and monitoring of external assets managers as one of 5 core components. Finally, LACERA collaborates with its peers to push for better practice regarding board diversity in Californian companies, climate resilience and sustainability reporting.