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Sustainable Investing 100 Women in Hedge Funds Meredith Miller Assistant Treasurer for Policy Office of the Connecticut State Treasurer June 4, 2009
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Office of the Connecticut State Treasurer Treasurer Denise L. Nappier Elected in 1998 Principal fiduciary of $26 billion* Connecticut Retirement Plans and Trust Funds (CRPTF) Under state law, the Treasurer may consider economic, social and environmental implications of investment decisions in addition to prudence: National Security considerations MacBride Compliance Sudan, Iran Divestment * As of June 30, 2008.
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CRPTF Policy on Corporate Citizenship “Corporate citizenship” encompasses the principle that, in addition to the traditional corporate focus on profits and short-term performance, the business community must be responsible for “long-term sustainable development of people and communities.” CRPTF Investment Policy Statement Adopted March 13, 2002
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ESG Milestones State Law reference to ESG First public fund to: - File a shareholder resolution on climate change (2001, AEP) - Be a signatory to CDP and PRI CEO Water Mandate Letter - Co-host U.N. Investor Summit on Climate Risk 2003 - Lead public founder of Investor Network on Climate Risk (www.INCR.com)www.INCR.com
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ESG Milestones CRPTF Shareholder Activities (ExxonMobil, Home Depot, Southern Company) ESG Integration at Consultant/Investment Manager Level (CRPTF uses Mercer) CRPTF Direct Investment in ESG (emerging domestic, clean tech)
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