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New York City Employees Retirement System

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

責任投資の促進

SG 09. Collaborative organisations / initiatives

09.1. 報告年度に組織がメンバーであったり、参加していた協働組織やイニシアチブ、ならびにそこで組織が果たした役割のレベルを選択してください。

当てはまるもの全てを選択してください

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

NYCERS is a founding member of PRI and signatory since 2006.  We strongly support principles of responsible investment, and try to abide by responsible investment practices in our choices of managers, as nearly all NYCERS assets are externally managed.  We meet regularly with PRI leadership and staff and participate regularly in PRI events.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

Principally as a signatory, although staff communicates NYCERS' support for CDP disclosure to portfolio companies on a non-sytematic basis, typically as part of an engagement on sustainability reporting.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

The NYCRS are the lead investors for engaging with transportation sector companies, including General Motors (GM), Ford, and Paccar, as well as General Electric (GE), and are part of the investor group engaging with Southern Company, Duke Energy, and AES. Prompted by concerns regarding their corporate lobbying activity, and its apparent misalignment with their stated positions on climate change, the NYCRS submitted lobbying disclosure proposals to Ford and GM.

At Ford and GM, discussions centered on urging the companies not to support a weakening of the CAFE standards which are under review, and to oppose efforts to undermine California’s authority to set vehicle emissions standards that 13 other states also adopt. Investor pressure resulted in 17 automakers (including Ford and GM) sending a letter in June 2019 to the administration and the governor of California asking that they reopen negotiations on vehicle standards. In July 2019, Ford (along with Honda, VW, and BMW) recognized California’s authority to set vehicle emissions standards by entering into a compromise agreement with California to annually reduce emissions on a nationwide basis. 

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

NYCERS is an active member of CII. Additionally Michael Garland, the Assistant Comptroller for Corporate Governance and Responsible Investment in the Comptroller's office, which implements NYCERS Coporate Governance acitivities, serves on the CII Board. NYCERS activiely particpates in CII initiatives.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

Signed onto various letters coordinated by ICCR. 

---A December 2018 letter to 30 oil and gas companies calling on them to publicly and privately support continued direct methane regulation by the EPA and explicitly oppose the elimination of EPA methane regulation. The letter was signed by 61 investors representing $1.9 trillion in assets under management.

---A February 2019 Statement urging the Bangladesh Government not to abandon the Accord for Fire and Building Safety in Bangladesh until the government is fully capable of continuing its work to ensure the safety of garment workers. The Accord was established in May 2013 to address workplace safety in Bangladesh garment factories following the deaths of 1,134 workers in the Rana Plaza building collapse. Currently over 1,600 factories and 2 million garment workers are covered by the Accord and since then it has conducted close to 35,000 inspections of garment factories that are driving systematic reforms that will significantly mitigate the risks of suture lapses in this sector. The statement, coordinated by the Interfaith Center on Corporate Responsibility (ICCR), was signed by a group of 190 global investors representing more than $3.1 billion in assets under management

 

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

NYCERS participates in the ICGN through the NYC Comptroller's Office, which is an active member.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

Active member, both directly and through the NYC Comptroller's Office.  Comptroller Stringer serves on the Board of Directors of CERES, which oversees the INCR, and certain BAM staff are very active participants in CERES initiatives, meetings and working groups which include INCR CAR working Group, INCR Policy Working Group, Sustainable Stock Exchanges Working Group and the Climate 100+ initative.

          SUSTAINABILITY ACCOUNTABILITY STANDARDS BOARD (SASB)
        

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

In collaboration with other members of the SASB Investor Advisory Group, the Comptroller’s Office consulted with public companies and encouraged them to provide disclosure of material Environmental, Social and Governance (ESG) information, as a result of SASB’s five-year-long initiative to develop industry-specific market standards.  The Comptroller’s Office continues to raise awareness of these materiality-based standards in conversations and engagements regarding sustainability-related transparency.  The effort is consistent with the NYC Funds longstanding efforts to encourage public companies to disclose meaningful and comparable ESG information to investors using globally recognized frameworks and protocols, including both SASB and the Global Reporting Initiative (GRI).  As part of the NYC Funds’ support for SASB, staff from the Bureau of Asset Management, including the CIO and Assistant Comptroller for Corporate Governance and Responsible Investment, in the Comptroller’s Office serve as members of SASB’s Investor Advisory Group..

          Global Adaptation & Resilience Investment Working Group (GARI)
        

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

The Special Counsel to the CIO has participated regularly in meetings of GARI.

          Thirty Percent Coalition Private Equity/LP initiative
        

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

We regularly participate in meetings of the Thirty Percent Coalition's Private Equity/LP initiative.  The Coalition promotes gender diversity, as well as other forms of diversity, in corporate boardrooms.  In the past two years, they began initiatives to promote gender diversity in the boards and management of private equity portfolio companies as well as in the staff of private equity firms.  Our office has not only participated in every meeting (through the Special Counsel to the CIO and the Director of Manager Diversity & Inclusion), but also served in leadership roles in the planning and identification of priority areas of the initiative.


SG 09.2. Assets managed by PRI signatories (Private)


SG 10. Promoting RI independently

10.1. 組織が、協働的イニシアチブとは別に、独自に責任投資を推進しているかどうかについて記載して下さい。

10.2. 組織が協働的イニシアチブとは別に、独自に責任投資を推進するために行っているものを明示して下さい。選択した行動の目的に貢献するために組織が果たす役割と通常の行動頻度について説明して下さい。

説明

          NYCERS Trustees and Comptroller's staff speak frequently in support of responsible investment. Active ownership on listed equities is the most frequent area covered given that it is the most advanced aspect of NYCERS' responsible investment program. In addition, education was conducted in 2017 and 2018 through the engagement of a climate investment risk investment consultant and carbon footprint provider.
        

行動の頻度

説明

          Attend RI conferences and events at academic institutions and provide feedback on research presented.
        

行動の頻度

説明

          Include ESG questions manager due diligence and RFPs; signed statement in support of TCFD in Fall 2017
        

行動の頻度

説明

          NYCERS Trustees and Comptroller's staff speak frequently in support of responsible investment.
        

行動の頻度

説明

          We ask all potential investment managers undergoing due diligence whether they are a PRI signatory, including this information in all investment memoranda and report this to the Board of Trustees.
        

行動の頻度

説明

          Comptroller's Office occasionally writes opinion pieces in the media.
        

行動の頻度

説明

          Comptroller's Office is represented on the board of CERES and CII
        

行動の頻度

10.3. 組織が責任投資の推進のために、報告年度中に参加した追加の活動およびイニシアチブがあれば、それらを記載して下さい。[任意]

NYCERS trustees and Comptroller's staff speak frequently in support of responsible investment.  Active ownership on listed equities is the most frequent area covered given that it is the most advanced aspect of NYCERS' responsible investment program.


SG 11. Dialogue with public policy makers or standard setters (Private)


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