Sustainable Investing100 Women in Hedge Funds

Meredith MillerAssistant Treasurer for Policy

Office of the Connecticut State Treasurer

June 4, 2009

Office of the Connecticut State Treasurer

• Treasurer Denise L. Nappier• Elected in 1998• Principal fiduciary of $26 billion*

• Connecticut Retirement Plans and Trust Funds (CRPTF)• Under state law, the Treasurer may consider economic, social

and environmental implications of investment decisions in addition to prudence:

• National Security considerations• MacBride Compliance• Sudan, Iran Divestment

* As of June 30, 2008.

CRPTF Policy on Corporate Citizenship

“Corporate citizenship” encompasses the principle that, in addition to the traditional corporate focus on profits and short-term performance, the business community must be responsible for “long-term sustainable development of people and communities.”

CRPTF Investment Policy Statement Adopted March 13, 2002

ESG Milestones

• State Law reference to ESG• First public fund to:

- File a shareholder resolution on climate change (2001, AEP)- Be a signatory to CDP and PRI CEO Water Mandate Letter- Co-host U.N. Investor Summit on Climate Risk 2003- Lead public founder of Investor Network on Climate Risk (www.INCR.com)

ESG Milestones

CRPTF Shareholder Activities (ExxonMobil, Home Depot, Southern Company)

ESG Integration at Consultant/Investment Manager Level (CRPTF uses Mercer)

CRPTF Direct Investment in ESG (emerging domestic, clean tech)