The program is global in nature and encompasses both fund investments and co-investments. In addition, CalSTERS Global Equity investments include a sustainable manger portfolio with a ‘double bottom line’ legal of financial and sustainable outperformance, and CalSTERS Fixed Income Green Program screens and monitors fixed income holdings both in terms of ESG risk exposure and ESG opportunity capture. Projects in the sector are offering attractive returns, at a lower risk than listed equity markets, he said.