The San Diego City Employees’ Retirement System (SDCERS), a $13 billion fund in the US state of California, has found broad improvements in an annual ESG review of its fund managers, according to documents from a meeting of its investment committee.
“Nearly all of SDCERS’ investment managers have made strides in at least one of the categories in 2025,” Demitrios Haldes, an investment officer at SDCERS, said in a memo to the investment committee.