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.
New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) has filed a shareholder proposal at Amazon.com, Inc. asking for an independent audit to assess the company’s policies and practices on civil rights, equity, diversity and inclusion, and how they affect the company’s business.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audit has been issued.
New York State Comptroller Thomas P. DiNapoli announced today that the New York State Common Retirement Fund (Fund), valued at an estimated $226 billion, has adopted a goal to transition its portfolio to net zero greenhouse gas emissions by 2040. This process will include completion within four years of a review of investments in energy sector companies, using minimum standards to assess transition readiness and climate-related investment risk, with, where consistent with fiduciary duty, divestment of companies that fail to meet minimum standards.
