August 5, 2022

Now in its fifth year, the report details PERA’s approach to investing on members’ behalf

DENVER—Colorado PERA is announcing the release of its 2022 Investment Stewardship Report. Now in its fifth year of publication, the report highlights how PERA makes decisions to promote the financial sustainability of the fund. In particular, the report outlines our efforts to keep costs low, advocate for strong and fair markets, evaluate the portfolio through different lenses, and incorporate relevant factors into our investment strategies.

The 2022 Investment Stewardship Report demonstrates PERA’s responsiveness to stakeholders who have engaged with us over the past five years, with expanded disclosures and explanations that provide additional transparency into how PERA invests its funds on behalf of nearly 650,000 current and former public employees.

Highlights of 2022’s report include:

​Responses to stakeholders who are interested in how PERA considers financially relevant factors in its investment decisions:​

• New content describes how PERA constructs a portfolio built to be resilient in pursuit of long-term financial sustainability
• How PERA anticipates and reacts to market drivers instead of seeking to drive markets with our investments
• Expanded disclosures about how the PERA Board and staff consider climate-related and other environmental, social and governance (ESG) themed factors in the management of the investment portfolio

Exposures to various ESG themes within the PERA portfolio as a result of our financially-focused investment decisions, such as:

• Reforestation and carbon capture projects
• Renewable energy
• Energy efficient
• HVAC
• Affordable housing
• Sustainable water management solutions
• Local investments in Colorado

Insights into PERA’s proxy voting and engagement activities, and why we choose these strategies over divestment:

• In 2021, PERA engaged with more than 500 portfolio companies and fund managers about how they practice sound business governance that is accretive to PERA’s long-term investment value
• PERA voted nearly 69,000 proposals filed by corporate management and shareholder proponents

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• Read the full Investment Stewardship Report
• Read the Investment Stewardship Report Executive Summary
• Explore the interactive Investment Stewardship Report Digital Snapshot
• View the Investment Stewardship Report Infographic
• View the Stewardship Report release video

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Colorado PERA provides retirement and other benefits to nearly 650,000 current and former teachers, State Troopers, corrections officers, snowplow drivers, and other public employees who provide valuable service to all of Colorado. PERA is a vital and stable contributor to Colorado’s economy, distributing more than $4.3 billion in 2021 to more than 110,000 retirees who live in Colorado.

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