Established in 1943, Teachers Retirement System of Georgia (Georgia Teachers) administers the fund from which teachers in the state’s public schools, many employees of the University System of Georgia and certain other designated employees in educational-related work environments receive retirement benefits. It manages the retirement accounts of 277,000 active members.
In terms of its approach to senior leadership accountability, Georgia Teachers has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that Georgia Teachers discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it could disclose the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Georgia Teachers has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Therefore, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investing activities. The company only discloses its leadership team and Board of Trustees by gender, but it has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, the financial institution could disclose the amount of finance directed towards low-income developing countries.
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United States of America
Net income: USD 26.5 billion; Total assets: USD 102 billion