CalPERS has appointed Peter Cashion as managing investment director (MID) for Sustainable Investments.
Cashion’s role will be to set the vision, strategy, and governance for CalPERS’ sustainability work and be responsible for leading all aspects of the fund’s efforts to develop and implement an economics-based ESG research and data framework to support environmental, social, and governance (ESG) integration into the investment decision-making process.
“CalPERS has been a pioneer in its advocacy of climate solutions and sustainable investing, and our focus on that work has only intensified over the years,” said CalPERS Chief Investment Officer (CIO) Nicole Musicco. “That makes this a critical position to us. Peter’s long record of impact investing across global markets elevated him in our search and makes him a great fit with the fund’s mission. His experience as a hands-on investor in multiple asset classes, standing up complex sustainable investing strategies and leading diverse global teams, makes him the right person to take the reins of CalPERS’ sustainability efforts.”