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New York State Comptroller DiNapoli and California Controller Yee Urge S.E.C. to Mandate Climate Change Disclosures

In an op-ed on Politico.com, New York State Comptroller Thomas P. DiNapoli and California State Controller Betty T. Yee today called on the Securities and Exchange Commission to require corporations disclose the risks that climate change poses to their operations. The full op-ed is below:

America Needs Climate Disclosure to Protect Its Economy

By Betty T. Yee and Thomas P. DiNapoli

New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)

The COVID-19 pandemic and resulting economic shutdown quickly led to soaring unemployment rates in New York; those rates subsequently declined slowly but steadily. However, for New Yorkers who face unique challenges due to a disability, unemployment rates increased more quickly and have remained stubbornly high, disrupting progress that had been made leading up to the pandemic.

MWBE 2020-2021 Fiscal Year Report

The New York State Minority- and Women-Owned Business Enterprise (MWBE) Asset Management and Financial Institution Strategy (Chapter 171, Laws of 2010) was enacted to codify and replicate best practices for providing MWBEs that are asset managers, investment banks and financial and professional service providers with the opportunity to offer services to fiduciary-controlled entities established by New York State law.

NYS Comptroller DiNapoli Statement on Major Support for Racial Equity Audit at Amazon

New York State Comptroller Thomas P. DiNapoli released the following statement in response to Amazon’s disclosure of vote results from its annual meeting on Wednesday. DiNapoli and the New York State Common Retirement Fund’s request for an independent review of the company’s policies and practices related to racial diversity, equity and inclusion won support from 44.18% of Amazon shareholders, an immense success for a first-time proposal.

NYS Comptroller DiNapoli: Beware Text Message Scam Targeting Retirees

New York State Comptroller Thomas P. DiNapoli today warned retirees not to be fooled if they received text messages or other communications that purport to come from the state’s retirement fund and the Office of the State Comptroller, asking for a payment to “upgrade” the retirement fund. It’s a scam. Report the message to the Federal Bureau of Investigation’s Internet Crime Complaint Center at www.ic3.gov or by calling the Albany FBI Field Office at 518-465-7551 or 1-800-CALLFBI.

State Contract and Payment Actions in April

In April, the Office of the State Comptroller approved 1,072 contracts for state agencies and public authorities valued at $11.9 billion and approved more than 20.1 million payments worth more than $12.6 billion. The Office rejected 109 contracts and related transactions valued at $337 million and more than 33,900 payments valued at nearly $28.6 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated overall investment return was 33.55 percent for the state fiscal year (SFY) that ended March 31, 2021, reflecting the financial markets’ dramatic rebound from lows reached during the COVID-19 pandemic. The return on investments increased the Fund’s value to an estimated $254.8 billion.