CalPERS Adds Rules to Go Green

April 28, 2008

The California Public Employees' Retirement System (CalPERS) has approved new guidelines that expand the system's corporate governance principles in regards to environmental disclosure and diversity of corporate boards. The purpose of the revamped guidelines is to get companies to both disclose climate risks and act upon them, and use the 'Corporate Governance Checklist' developed by environmental watchdog Ceres.

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