The California State Teachers’ Retirement System will vote against board directors and corporate proposals at companies deemed to have inadequate environmental, social and governance goals.
Calstrs, the second-largest U.S. pension fund, will oppose entire board slates at firms that don’t have at least one female director during this year’s proxy season, according to a statement Wednesday. It will also vote against directors on a board’s nominating committee if women don’t make up at least 30% of the company’s directors.
