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New York City Employees Retirement System

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

Describe We conducted an RFP in 2019 for advisors to conduct an analysis of the risks posed by fossil fuel reserve owners and develop recommendations for prudent strategies to potentially divest from such companies. The RFP specifically addresses climate scenario analysis. Climate scenario analysis will be done for this analysis.

13.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

We do the following

13.3. Additional information. [OPTIONAL]

We retained an investment consultant to help us develop policies and process for analyzing and managing risk, including doing scenario analysis, related to ESG factors and for considering ESG and climate chane in asset allocation.  This was completed in 2017.  In addition, we have met with numerous entities that conduct climate scenario analysis to gain knowledge and insights about existing tools for this purpose and evaluate them for potential future use.

SG 13 CC.

SG 14. Long term investment risks and opportunity (Private)

SG 14 CC.

SG 15. Allocation of assets to environmental and social themed areas (Private)