As a global leader with a fiduciary duty to deliver pension and health benefits to the millions of public employees who serve California, we have a responsibility to champion Diversity, Equity, and Inclusion (DEI) policies that can help create equitable opportunities, improve financial performance, and above all, align our work with our mission to serve members.

Our commitment to DEI has been, and continues to be, a guiding light for our culture, processes, and policies that puts the needs of people first. We aim to foster an atmosphere where team members feel valued and recognized, so they bring their whole selves to work. When they do, we thrive.

Achieving true inclusion and belonging, however, isn't easy. It requires us to continuously improve our practices and enhance our knowledge. That's why we created a DEI Framework with key initiatives, woven into CalPERS’ five-year Strategic Plan.

In the 2022-23 fiscal year, we made notable strides within the framework that are outlined in this report. These include more than 50 tangible deliverables across five key pillars: Culture, Talent Management, Health Equity, Supplier Diversity, and Investments.

In year two of integrating our DEI framework across our strategic and business plans, we are proud of the progress we've made to date. It's been highly collaborative work, and we're pleased to share it with you.

Sincerely,
 

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