Public HTML RI reports - PRI reporting framework 2020

New York City Employees Retirement System

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 04. Appointment processes (listed equity/fixed income)

04.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment and/or commitment process

Sets standard benchmarks or ESG benchmarks

Defines ESG objectives and/ or ESG related exclusions/restrictions

Sets incentives and controls linked to the ESG objectives

Requires reporting on ESG objectives

Requires the investment manager to adhere to ESG guidelines, regulations, principles or standards

Other, specify (1)

Other, specify (2)

None of the above

04.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Listed equity (LE)

Benchmark

We do not set benchmarks

ESG Objectives

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide investment guidelines to managers specifying our excluded companies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

Fixed income - SSA (SSA)

Fixed income - Corporate (financial)

Benchmark

We do not set benchmarks

ESG Objectives

Other, specify

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide investment guidelines to managers specifying our excluded companies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

Fixed income - Corporate (non-financial)

Benchmark

We do not set benchmarks

ESG Objectives

Other, specify

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide investment guidelines to managers specifying our excluded companies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

Fixed income - Securitised

Benchmark

We do not set benchmarks

ESG Objectives

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide investment guidelines to managers specifying our excluded companies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

Private equity

Benchmark

We do not set benchmarks

ESG Objectives

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide information regarding certain exclusions, emerging market country screens and other RI policies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

Property

Benchmark

We do not set benchmarks

ESG Objectives

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide information regarding certain exclusions, emerging market country screens and other RI policies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

          We convey our Responsible Contractor Policy.

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

Infrastructure

Benchmark

We do not set benchmarks

ESG Objectives

ESG related strategy, specify

ESG related investment restrictions, specify

          We provide information regarding certain exclusions, emerging market country screens and other RI policies.

ESG integration, specify

Engagement, specify

Voting, specify

Promoting responsible investment

          We convey our Responsible Contractor Policy.

ESG specific improvements

Other, specify

ESG guidelines/regulation, principles/standards, specify

Incentives and controls

Fee based incentive

Communication and remedy of breaches

Termination

No fee/ breach of contract

Reporting requirements

We do not require the reporting on ESG objectives

04.3. Indicate which of these actions your organisation might take if any of the requirements are not met

Discuss requirements not met and set project plan to rectify

Place investment manager on a “watch list”

Track and investigate reason for non-compliance

Re-negotiate fees

Failing all actions, terminate contract with the manager

Other, specify

No actions are taken if any of the ESG requirements are not met

04.4. Provide additional information relevant to your organisation`s appointment processes of external managers. [OPTIONAL]

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