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SFERS Investment Board approves the transfer of over half a billion dollars to an active ESG-enhanced strategy, managed by BlackRock

Published: October 14, 2021

At the October 13, 2021 meeting, the San Francisco Employees’ Retirement System (SFERS) approved transitioning over half a billion dollars currently in a passive Russell 1000 Value strategy managed by BlackRock, to an active ESG (Environmental, Social, and Governance) enhanced strategy also managed by BlackRock. The transfer to this active ESG-focused strategy is expected to be at least 30% less carbon-intensive than the Russell 1000 Value benchmark and is aligned with SFERS’ ambition to become a net zero carbon asset owner by 2050. This new strategy seeks to outperform the current Russel 1000 Value benchmark, while also increasing allocation to ESG leaders in the SFERS Public Equity portfolio. Read more…