New York Comptroller Aims to Double Pension Plan’s ESG Funding

New York State Comptroller Thomas P. DiNapoli pledges to double the New York State Common Retirement Fund’s sustainable investments. That will bring the pension program’s environmental, social, and governance (ESG)investments to $20 billion over the next decade. To aid in that effort, he will next create a multi-asset climate solutions program, which will operate similarly to its emerging manager program. It will work with managers, consultants, and index providers on creating alignment with the fund’s sustainability goals. The fund intends to better assess its...