Dear Friend,
The New York State Common Retirement Fund remains one of the largest and best-managed public pension plans in the nation. I am pleased to share the Fund's 2025 Corporate Governance Stewardship Priorities, which include:
- Workforce management – Advocating for corporate policies that support strong, resilient workforces.
- Climate change and environmental stewardship – Encouraging companies to address climate-related investment risks and capitalize on opportunities in the transition to a low-carbon economy.
- Good governance and accountability – Promoting best practices in executive compensation, board composition, and political spending disclosure.
- Diversity and inclusion – Reinforcing that diversity and inclusivity are proven paths to profitability and long-term success.
- Artificial Intelligence (AI) and Cybersecurity – Encouraging the adoption of responsible AI policies and best practices around cybersecurity.
We have also released our 2024 Corporate Governance Stewardship Report, which highlights our efforts to address key risks and opportunities affecting the Fund’s portfolio companies.
We are committed to these strategies, which help ensure retirement security for the New York State and Local Retirement System’s 1.2 million members, retirees and beneficiaries. I invite you to review the 2025 priorities and 2024 report to gain deeper insights into our initiatives and achievements.
Sincerely,
Thomas P. DiNapoli
State Comptroller
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