Sustainable Investments and Climate Solutions Program

In June of 2019, Comptroller DiNapoli released a Climate Action Plan, which provides a roadmap for the Common Retirement Fund (CRF) to address climate risks and opportunities across all asset classes. A key component of the plan is the creation of a formal Sustainable Investments and Climate Solutions (SICS) program, and an increase of the Fund’s total commitment to the program to $20 billion. Andrew Siwo is the Director of the SICS program and will build on the Fund’s existing commitment by leading the effort to reach the goal over the next decade.

To date, the Fund has made commitments across asset classes including private equity, actively managed public equity strategies, green bonds, clean and green infrastructure funds, as well as Leadership in Energy and Environmental Design (LEED) certified real estate funds. The Fund continues actively seeking out managers that integrate Environmental, Social, and Governance (ESG) considerations in their investment process, and present risk and return characteristics that track to the relevant asset class and product type.

CRF Sustainability Themes

Resources and Environment
 

Sun and thermometer

Climate and environment

Reducing the effects of climate change through low carbon initiatives.

 

Open hands lifting light bulb

Resource efficiency

Making the most of available natural resources.

 

 

Trash can with recycling logo

Pollution and waste management

Minimizing pollution and improving conditions for local communities.

 

 

Human Rights & Social Inclusion
 

Open book

Education

Improving the quality of and access to education, particularly for underserved groups.

 

Three people

Demographic empowerment

Ensuring access for diverse groups among critical decision-making bodies.

 

Hands supporting heart with medical cross

Health and wellbeing

Improving conditions to support human health, nutrition, and quality of life.

 

 

Economic Development

 

Building with dollar symbol

Financial inclusion

Expanding access to banking, credit, and other vital financial services.
 

 

Three buildings

Sustainable infrastructure

Funding infrastructure that expends economic opportunity and meets standards for environmental management.
 

 

House

Affordable housing

Creating equal housing opportunity for low-income families and communities that are chronically underserved.

 


Please send any individual inquiries regarding the Sustainable Investments and Climate Solutions (SICS) program to [email protected].