California Pension Trustees Call for Disclosures of #MeToo Costs
- New group calls on trustees around the world to do the same
- Data needed on corporate costs, says Priya Mathur of Calpers
Photographer: Mark Ralstron/AFP via Getty Image
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A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem.
“We don’t see how it could possibly be accretive to corporate value to have a culture that allows for sexual harassment in the workplace,” said Priya Mathur, the departing president of the $345 billion California Public Employees’ Retirement System, the largest U.S. pension fund. Companies are losing customers, paying settlements and higher insurance costs and being distracted “from their core strategies because they have to deal with this.”