Stewardship is a central concept at PERA. It’s a concept that has tangible, observable outcomes when put into practice. This can mean protecting member assets by reducing costs and being cost conscious. It can mean advocating for fair, robust markets. It can mean integrating relevant environmental, social and governance considerations that may be financially material.
PERA On The Issues has reported on stewardship before, including introducing the 2019 Stewardship Report, highlighting the ways in which PERA saves member dollars by lowering costs, and exploring the virtuous cycle a commitment to stewardship can create.
In the video below, PERA Executive Director Ron Baker and Chief Investment Officer Amy McGarrity discuss these and other ways PERA approaches this important topic.