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New York City Employees Retirement System

PRI reporting framework 2020

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

Organizationally, NYCERS seeks to adhere to responsible investment principles through its IPS (Investment Policy Statement).  Objectives are defined for listed equity active ownership, which is implemented internally through the Comptroller's Corporate Governance and Responsible Investment Program. Corporate governance objectives are reviewed at least annually. We retained an investment consultant to comprehensively assess the potential impacts of climate change investment risk on its portfolio and develop recommendations for investment objectives related to climate change. We also approved a resolution to study prudent strategies for divesting from fossil fuel reserve owners over a five year period and, in September 2018, stated a goal of doubling its investments in climate solutions over three years.  In 2019, we conducted an RFP to select consultants/advisors to conduct the sutdy on prudent fossil fuel divestment strategies and finalized our selection of two advisors at the beginning of 2020. For our climate solutons investment goal, we check in quarterly on our progress and strategies for acheiving this goal.

SG 06. Main goals/objectives this year (Private)