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DiNapoli: New York State Common Retirement Fund Reaches Agreements With Portfolio Companies on Political Spending
… today. Agreements were reached with: VF Corp. , the maker of clothing lines such as The North Face and Timberland Simon … in the United States; and Brown-Forman Corp. , the maker of Jack Daniel’s whiskey. As a result, shareholder … and profits at risk and can threaten long-term shareholder value. Investors should know if companies are using corporate …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-new-york-state-common-retirement-fund-reaches-agreements-portfolio-companies-politicalShareholders Cheer Lowe's New Green Energy Initiatives
… its carbon footprint and increasing the energy efficiency of its stores nationwide. The New York State Common … Lowe's also announced it will study the feasibility of procuring renewable energy to power its stores. "Lowe's is … New York State Comptroller Thomas P. DiNapoli, trustee of the Fund. "Climate change poses challenges throughout the …
https://www.osc.ny.gov/press/releases/2018/03/shareholders-cheer-lowes-new-green-energy-initiativesNYS Comptroller DiNapoli Files Suit Against Wynn Resorts' Board of Directors
… employees to perform sex acts, yet failed to investigate or hold him accountable. "These board directors and officers … employees and the company's shareholders." A derivative lawsuit allows shareholders to take legal action on behalf of … of serious allegations against Mr. Wynn by, at the latest, March 28, 2016, when those allegations surfaced in litigation …
https://www.osc.ny.gov/press/releases/2018/02/nys-comptroller-dinapoli-files-suit-against-wynn-resorts-board-directorsDiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… New York State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. These restrictions are part of DiNapoli’s comprehensive Climate Action Plan to address … with the Comptroller’s fiduciary duty. The evaluation of the Fund’s shale oil and gas holdings is part of …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companiesNew York State Comptroller DiNapoli and New York City Retirement Systems and Pension Funds Announce Appointment as Lead Plaintiffs in Wynn Resorts Shareholder Lawsuit
… New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (the Fund), … lawsuit filed against certain officers and directors of Wynn Resorts. The order appointing DiNapoli and the NYC … Wall Street Journal exposé revealing Mr. Wynn's history of harassment based on interviews with over 150 witnesses. …
https://www.osc.ny.gov/press/releases/2018/05/new-york-state-comptroller-dinapoli-and-new-york-city-retirement-systems-and-pension-funds-announceDiNapoli Announces New Technology Investment Through Contour Venture Partners
… through Contour Venture Partners, an investment partner of the New York State Common Retirement Fund (Fund), New York … has partnered with Contour Venture Partners for a total of twenty investments through the In-State Private Equity … and make several additional hires," said Ryan Urban, CEO of Bounce Exchange. Bounce Exchange’s patented “Exit Intent” …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersDiNapoli Announces $15 Million Investment in Northern Ireland
… The allocation followed an intensive analysis by 57 Stars LLC, the manager of the Fund’s $100 million Emerging Europe … investment here by a major international pension fund, a real endorsement of the maturing economic climate in Northern … of public and private equities, fixed income, real estate and alternative instruments and has consistently been …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-announces-15-million-investment-northern-irelandNational Investors Call for Workplace Disability Inclusion
… workplaces that can benefit from employing the millions of talented people with disabilities who remain … and innovation,” said Comptroller DiNapoli, Trustee of the New York State Common Retirement Fund . “We want to … profitability. Disability inclusion expands the pool of talent companies can hire from and creates welcoming …
https://www.osc.ny.gov/press/releases/2019/05/national-investors-call-workplace-disability-inclusionDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… New York State Comptroller Thomas P. DiNapoli, trustee of the third largest public pension plan in the country, … become increasingly serious about addressing the threat of climate change and as market forces drive a low-carbon … for investors.” Oil sands companies produce a heavy type of crude oil from oil sands which are a mixture of sand, …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli Presses Companies on Political Disclosure
… New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fund (Fund), today … proposals seeking the same disclosure from eight more of the Fund’s portfolio companies, including Duke Energy … political spending and are expected to be the subject of shareholder votes at the companies’ annual meetings this …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureDiNapoli: State Pension Fund Calls on Corporations to Address Environmental and Climate Risks
… protected from the impact of climate change is a top priority.” The Fund engages with portfolio companies … in use of fossil fuels will impact its business in light of the International Energy Agency’s (IEA) Net Zero … Steel and Caterpillar Inc. In addition, the Fund supported Engine No.1’s slate of directors at Exxon Mobil, where three …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-pension-fund-calls-corporations-address-environmental-and-climate-risksOpinion 88-15
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … bear on the issues discussed in the opinion. CONFLICTS OF INTEREST -- Insurance Transactions (village board member … Whether there would be a conflict of interest if the village or school district utilized the …
https://www.osc.ny.gov/legal-opinions/opinion-88-15Debt – 2022 Financial Condition Report
… Debt Levels in Coming Years The SFY 2022-23 Enacted Budget Five-Year Capital Program and Financing Plan projects … over the next five years, declining to $309 million in SFY 2026-27. For both SFYs 2020-21 and 2021-22, new debt issuances …
https://www.osc.ny.gov/reports/finance/2022-fcr/debtDiNapoli Announces Unprecedented Support for Climate Actions During 2021 Proxy Season
… shareholder proposals. “A low-carbon economy is becoming a reality with more and more companies … clarifying how the Fund reviews companies’ preparedness for the transition to a low-carbon economy, and delineating … of candidates put forward by activist investment firm Engine No. 1, who won seats on ExxonMobil’s Board of …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-announces-unprecedented-support-climate-actions-during-2021-proxy-seasonDebt – 2021 Financial Condition Report
… debt issuances (in both SFYs 2020-21 and 2021-22) from the caps on debt outstanding and debt service, as well as … in new debt issuances are expected to be excluded from the caps in SFYs 2020-21 and 2021-22. The State’s accumulated …
https://www.osc.ny.gov/reports/finance/2021-fcr/debtState Comptroller DiNapoli Details Progress on Corporate Political Spending Disclosure
… State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), … Garmin Ltd., requesting similar comprehensive disclosure of political spending. The agreements were reached with … in a way which can adversely impact their reputation, value, and bottom line. “With the increased polarization of …
https://www.osc.ny.gov/press/releases/2024/08/state-comptroller-dinapoli-details-progress-corporate-political-spending-disclosureU.S. Environmental Protection Agency
I write as Trustee of the New York State Common Retirement Fund (CRF, or Fund), one of the largest public pension plans in the United States, valued at $248.5 billion as of March 31, 2023.
https://www.osc.ny.gov/files/press/pdf/u.s.-environmental-protection-agency-regan.pdfDiNapoli: NY Pension Fund Reaches Climate Agreements With Five Portfolio Companies
… annual Climate Action Plan Progress Report . “As trustee of the Fund, one of my top priorities is safeguarding the investments made for … demand may impact its financial position; and Amazon.com Inc., seeking disclosure of how it is addressing the …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-ny-pension-fund-reaches-climate-agreements-five-portfolio-companiesDiNapoli Calls for Transparency From Companies Regarding Affordability Concerns
… are being squeezed financially and that, in turn, is threatening long term shareholder value,” DiNapoli said. … in the Fund’s portfolio are addressing these issues and what they are doing to protect the public and their own … companies to review claims, a January poll found that a third of insured adults experienced a negative financial …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-calls-transparency-companies-regarding-affordability-concernsComptroller DiNapoli and A.G. Schneiderman Announce Arrest of Florida Man for Theft of Over $180,000 in NYS Pension Benefits
… General Eric T. Schneiderman announced today the unsealing of an indictment charging Robert J. Schusteritsch, 71, of Florida, with the crimes of Grand Larceny in the Second Degree, a class C felony, and … and Attorney General Schneiderman announced the unsealing of an indictment charging Robert J Schusteritsch with the …
https://www.osc.ny.gov/press/releases/2016/09/comptroller-dinapoli-and-ag-schneiderman-announce-arrest-florida-man-theft-over-180000-nys-pension