New York State and Local Retirement System

News from the Retirement System

DiNapoli: Two More Businesses Will Promote Sustainable Business Practices

New York State Comptroller Thomas P. DiNapoli recently announced agreements with Best Buy and Bed Bath & Beyond to encourage their suppliers to report on workplace safety, human and worker rights and environmental compliance.

“Companies face significant legal, reputational and operational risks when their suppliers do not promote sustainable business practices,” DiNapoli said. “Best Buy and Bed Bath & Beyond have agreed to encourage accountability among suppliers on critical issues which demonstrate that they are operating responsibly. Companies across the globe should take a comprehensive look at their operations and determine whether their suppliers are taking similar steps to ensure labor, environmental and safety standards are upheld.” More…

DiNapoli: GE Agrees to Examine Risks from New PCB Hotspots

General Electric Corp. (GE) has agreed to prepare an analysis of the actions required to remove recently discovered polychlorinated biphenyl contamination (PCB) contaminated sediments from the Hudson River and report its findings to shareholders, New York State Comptroller Thomas P. DiNapoli announced recently. The analysis will be completed by the end of 2013. “GE deserves praise for getting in front of this problem and exploring the benefits of additional dredging,” DiNapoli said. “The company has agreed to analyze its potential exposure in the event that the EPA determines that PCBs remaining in the river pose an unacceptable risk to public health or the environment. It is much better to act sooner rather than later.” More…

News from the Retirement System

DiNapoli: Two More Businesses Will Promote Sustainable Business Practices

DiNapoli: GE Agrees to Examine Risks from New PCB Hotspots

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