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Sustainable Investing 100 Women in Hedge Funds

Learn about Connecticut State Treasurer's commitment to sustainable investing, promoting corporate citizenship, and considering ESG factors in investment decisions. Explore their milestones in ESG integration, shareholder activities, and direct investments in emerging domestic and clean tech sectors.

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Sustainable Investing 100 Women in Hedge Funds

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  1. Sustainable Investing100 Women in Hedge Funds Meredith Miller Assistant Treasurer for Policy Office of the Connecticut State Treasurer June 4, 2009

  2. 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.

  3. 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

  4. 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)

  5. 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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