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Teachers' Retirement System of the City of New York

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Overview


LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Indicate what your engagement policy covers:

01.4. Provide a brief overview of your organization’s approach to engagement

TRS has a very active engagement program that advances reforms to strengthen corporate governance, align executive pay with long-term performance, and promote sustainable business practices at select companies in which it is a shareowner. In fact, TRS is among the most active institutional investors in terms of filing shareowner proposals and also engaging with portfolio companies through letters and dialogue, often in collaboration with other institutional investors.

The Corporate Governance and Responsible Investment program, within the Bureau of Asset Management of the New York City Comptroller's Office, develops and implements TRS' shareowner initiatives programs, including engagement with management and directors at portfolio companies. Corporate Governance staff present the proposed programs to the TRS' Proxy Committee for review and approval. Most initiatives are done jointly with the other four public pension systems. 

01.5. Additional information [optional]

LEA 02. Reasoning for interaction on ESG issues

02.1. Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual/Internal staff engagements

Collaborative engagements

Service provider engagements

02.2. Additional information. [Optional]