New York State

DiNapoli: State Pension Fund Will Vote Against Board Members at Corporations With No Women Directors

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) plans to vote against all board directors standing for re-election at companies that have no women on their boards. In situations where a company has just one woman on its board, the Fund will vote against members of the board's governance committee standing for re-election. DiNapoli also announced agreements with four Fortune 500 companies to formally include gender and racial diversity in their considerations of board candidates.

Shareholders Cheer Lowe's New Green Energy Initiatives

Following requests from its shareholders, home improvement superstore Lowe's announced Monday that it was making significant progress towards reducing its carbon footprint and increasing the energy efficiency of its stores nationwide.

DiNapoli Announces Results of General Obligation Bond Sale

State Comptroller Thomas P. DiNapoli today awarded three series of New York State General Obligation Bonds totaling $214,035,000 through a competitive sale. Specifically, the sales were $166,155,000 of Series 2018A Tax-Exempt Bonds, $36,685,000 of Series 2018B Taxable Bonds and $11,235,000 of Series 2018C Tax-Exempt Refunding Bonds.

Governor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel

Governor Andrew M. Cuomo and Comptroller Thomas P. DiNapoli today announced the members of the state's first-ever Decarbonization Advisory Panel, which was initially proposed by the Governor during his 2018 State of the State address in January. The panel will advise the Comptroller, as trustee of the $209.1 billion New York State Common Retirement Fund (Fund), on how best to mitigate investment risks stemming from climate change and maximize opportunities from the new, low-carbon economy.

DiNapoli Announces Sale of General Obligation Bonds

State Comptroller Thomas P. DiNapoli today announced the details of the competitive sale scheduled for March 8 of tax-exempt and taxable New York State General Obligation bonds totaling $215.2 million. The state expects to sell $146.2 million for new money transportation, education and environmental purposes. Depending on market conditions, the state also expects to sell $69 million to refund a portion of certain outstanding General Obligation bonds to reduce the state's debt service costs.

DiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment

Disbursements from New York's Environmental Protection Fund (EPF), one of the state's most important funding sources for preserving open space, protecting water quality and improving parks and waterfronts, are at an all-time high, but spending in future years is expected to require additional resources beyond the EPF's dedicated revenues, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli Reaches Agreement With Mattel Inc. on Political Spending Disclosure

New York State Comptroller Thomas P. DiNapoli today announced that Mattel Inc., one of the world's largest toy manufacturers, has agreed to the New York State Common Retirement Fund's (Fund) request that they publicly report on and adopt board oversight of all direct and indirect corporate political spending.

As a result of the agreement, the Fund withdrew the shareholder proposal it had filed for consideration at the company's annual stockholders' meeting.

Approved State Contracts and Payments

In January, the Office of the State Comptroller approved 1,575 contracts for state agencies and public authorities valued at $1.6 billion and approved nearly 2.9 million payments worth nearly $9.9 billion. The office rejected 157 contracts and related transactions valued at $500 million and more than 1,300 payments valued at more than $3.7 million, primarily due to errors, improprieties, or lack of documentation. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight

A third of the 30 State University of New York (SUNY) campus foundations were operating without the contracts they are required to have with their campuses while overseeing and managing billions in donations and resources, according to a report released today by State Comptroller Thomas P. DiNapoli. More than half of the foundations have not been audited by SUNY in at least 10 years.