Pension Fund Coalition for Inclusive Capitalism

The Pension Fund Coalition is a new initiative of the Millstein Center and the Coalition for Inclusive Capitalism. Working alongside our advisors, Cleary Gottlieb, we will bring together pension fund managers who are committed to investing in sustainable businesses that will provide long-term value for beneficiaries in the face of evolving global challenges, and who wish to work together to ensure that asset managers are deploying their capital to invest in sustainable companies that effectively address and disclose material ESG-related investment risks and opportunities. The members of the Pension Fund Coalition will collaborate to generate customizable contract language establishing minimum ESG guidelines that can be used as a baseline for negotiations with public equity investment managers. This language may then be shared more broadly with other pension funds around the world in order to amplify the group’s impact. The Coalition is co-chaired by Theresa Whitmarsh, Executive Director of the Washington State Investment Board and Millstein Center Advisory Board Member, and Hiro Mizuno, former Executive Managing Director of Japan’s Government Pension Investment Fund.