Environmental, Social and Governance Report, March 2017
This report articulates the evolution of the New York State Common Retirement Fund’s (Fund) approach to sustainable investment practices.
This report articulates the evolution of the New York State Common Retirement Fund’s (Fund) approach to sustainable investment practices.
As Trustee of the New York State Common Retirement Fund, New York State Comptroller Thomas P. DiNapoli is committed to ensuring accountability and the highest standards of ethics, with absolutely no tolerance for self-dealing.
The New York State Common Retirement Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million State and local government employees and retirees and their beneficiaries.
As Trustee of the New York State Common Retirement Fund, I have a responsibility to safeguard the Fund’s investments, which I manage for the benefit of the more than one million participants in the New York State and Local Retirement System.
A report to the Comptroller of the State of New York as the sole trustee of the New York State Common Retirement Fund (the Fund) on how the Fund can best mitigate investment risks stemming from climate change and maximize opportunities from the new, low-carbon economy.
Statement of Anastasia Titarchuk, Interim Chief Investment Officer, New York State Common Retirement Fund.
As Comptroller of New York State and Trustee of the Common Retirement Fund (CRF), I am deeply concerned about the impact of climate change on the Fund’s investments, as well as its impact on the economy as whole.
In November, the Office of the State Comptroller approved 1,384 contracts for state agencies and public authorities valued at $25.5 billion and approved more than 12.3 million payments worth more than $11.7 billion. The office rejected 91 contracts and related transactions valued at $610 million and nearly 5,200 payments valued at nearly $39.7 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
State tax receipts in November were higher than expected by the Division of the Budget (DOB), but collections through the first eight months of the state fiscal year were $3 billion lower than last year, according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.