CalPERS' Diversity Efforts Net Gains, Results

SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) reported diversity and inclusion gains in supplier contracting, workforce recruiting, and long-range Investment Office planning, all toward a commitment set more than a decade ago by the CalPERS Board of Administration. The accomplishments were reported in the annual Commitment to Diversity & Inclusion Report(PDF, 1.08 MB) for the 2015-16 Fiscal Year. "The progress this report shows, achieved in the last year alone, underscores the correlation between a diverse and inclusive workforce and increased voluntary employee participation and support for these organizational values," said Richard Costigan, chair of the Finance and Administration Committee. In 2005, the CalPERS Board of Administration committed to achieving a goal of awarding 3 percent of all contracts to Disabled Veteran Business Enterprises (DVBE), and awarding 25 percent of all contracts to small business and micro business (SB/MB) firms. The report showed that the 3 percent DVBE goal had been met for the fifth straight year in a row, with 4.2 percent of all contracts awarded to DVBE vendors.