"CalPERS backing climate change proxy resolution for mining company", 8 Apr 2016

CalPERS is urging fellow shareholders of global mining company Rio Tinto to vote in favor of a proxy ballot resolution that would require the company to disclose activities related to climate change. CalPERS on Wednesday filed an exempt solicitation with the Securities and Exchange Commission urging the action at Rio Tinto's April 14 annual meeting...“CalPERS recognizes climate change as a material risk to society, the economy and to our investments,” said Anne Simpson, CalPERS' director of global governance, in the news release. “We are glad to see Rio Tinto on board with this resolution, and we encourage other companies to reshape their strategy within the two degree targets set by the Paris Agreement.”...