State Teachers Retirement System of Ohio
State Teachers Retirement System of Ohio (STRS Ohio) is a retirement system, serving around 500,000 active, inactive and retired Ohio public educators. During the assessed period the reported number of employees was 472 and total assets corresponding to USD 95.3 billion were reported.
Leading practices
The financial institution discloses its operation by country (e.g. by number of employees or revenue).
Risks and opportunities
The financial institution commits to respecting the ILO’s fundamental rights at work but could strengthen this commitment in a formal policy document. It has opportunities to disclose its methodology for determining a living wage in its operational regions, a publicly available policy statement against bribery and corruption, and to include anti-bribery and anti-corruption clauses in contracts. While it states it does not make political contributions, this is not formalised in a public policy.
Recommendations include disclosing third-party assurance of target reporting, linking senior executive remuneration to sustainability targets, monitoring scope 3 emissions by category, and detailing the methodology for footprint calculations. It is also recommended to ensure scope 1-3 emissions align with interim targets, provide a breakdown of clients by income group, and include risks related to ILO fundamental rights in its risk assessment process. Additionally, the institution should provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past three years.
Disclaimer
This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.
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More about the company
- Headquarters
- United States
- Ownership structure
- Government
- Results 2024
- Total assets: USD 95.3 billion; AuM USD 90.1 billion
- Number of employees
- 472
- Website
- https://www.strsoh.org
