Green Wave Initiative

Light Green Advisors has been selected by the California State Teachers Retirement Systems (CalSTRS) as one of six asset managers under its innovative Sustainable Asset Manager program (CalSTRS September 2007 press release announcing allocations to asset managers under its Sustainable Asset Manager program.)

The CalSTRS program emerged from the state of California’s groundbreaking Green Wave Initiative (GWI), a program designed to place $1.5 billion of state-controlled assets in environmentally-responsible investments (California Treasurer’s Office December 2005 press release announcing the Green Wave Initiative.)

Light Green Advisors is proud to have contributed to the development of the Green Wave Initiative from the outset, acknowledged by citations to the findings of an LGA paper, The Profitable Correlation (LGA Research) in GWI supporting materials (February 2004 Green Wave Initiative backgrounder.)

It is fair to say that the Green Wave Initiative is the first large-scale public sector environmental investing initiative in the U.S.: Light Green Advisors believes the initiative should serve as a model for other states, as well as localities (for the LGA take on public-sector environmental investing: July 2007 Environmental Finance article.)