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New York State Common Retirement Fund

PRI reporting framework 2019

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          Deputy CIO
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

6 Number

07.4. Additional information. [Optional]

I confirm I have read and understood the Accountability tab for SG 07 I confirm I have read and understood the Accountability tab for SG 07

SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or head of department

Portfolio managers

Investment analysts

Dedicated responsible investment staff

External managers or service providers

07.6 CC. For board level roles for which have climate-related issues oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

Comptroller DiNapoli, as the Trustee of the Fund, is responsible for its investments on behalf of the more than one million members of the New York State and Local Retirement System. The Comptroller adopts climate-related investment strategies with advice from the Fund’s senior management, in-house and external counsel, consultants, and managers. Additionally, the Decarbonization Advisory Panel established in 2018 will provided its recommendations for additional decarbonization investment strategies to the Comptroller for his consideration. 

07.7 CC. For the management-level roles that assess and manage climate-related issues, provide further information on the structure and process involved.

The Chief Investment Officer appointed by the Comptroller formulates the Fund’s overall investment strategy, including climate-related strategy, with the assistance of Investment and Corporate Governance staff, the Risk Management team, and relevant consultants and managers.

The Corporate Governance staff together with the Director of Environmental Affairs develop a strategic plan for achieving addressing climate risks and opportunities regarding portfolio companies, active ownership, and public policy initiatives.  

07.8 CC. Explain how the organisation engages external investment managers on the TCFD recommendations and its implementation.


SG 08. RI in performance management, reward and/or personal development (Private)


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