Mr. Rice is a Portfolio Manager in the CalSTRS Sustainable Investment & Stewardship Strategies unit and has been leading sustainability efforts at CalSTRS for over 15 years.   He is responsible for CalSTRS sustainable manager portfolio, a $2.2 billion externally managed public equity strategy that employs fund managers incorporating ESG factors into their investment portfolio construction and management. 

Mr. Rice also leads CalSTRS Transition to a Low Carbon Economy initiative, a cross asset class effort focused on managing physical and transitional investment risks, and implementing investment opportunities, associated with climate change. 

Mr. Rice serves on the advisory board of the Climate Bonds Initiative and the Strategic Investor Initiative, and on the advisory committee of the Ceres Water Hub. Mr. Rice received an MBA from the U.C. Davis Graduate School of Management and a bachelor’s degree in Economics-Business from U.C.L.A.