Agenda – NYC Announces $4 Billion Fossil-Fuel Divestment

New York City officials this week announced plans to divest nearly $4 billion in pension funds from fossil-fuel companies. Mayor Bill de Blasio and Comptroller Scott Stringer said two of the city’s five pension funds — the New York City Employees’ Retirement System and the New York City Teachers’ Retirement System — voted to approve…

JPMorgan Chase removes Climate Change Denier and Former Oil Company CEO from independent director role | Financial Times

JPMorgan Chase has promised to announce a new lead independent director by the end of September, bringing an end to the 19-year tenure of former ExxonMobil chief Lee Raymond and satisfying demands for change led by New York City’s comptroller and climate groups.  America’s biggest bank revealed the timetable for appointing Mr Raymond’s successor in documents filed ahead of its May 19…

NYC comptroller reports 10,000% rise in proxy access since 2014 | Bond Buyer

An extraordinary achievement for Scott Stringer and the NYX pension funds, possibly the most significant shareholder initiative ever. More than 600 firms have adopted proxy access, a program launched under the New York City Comptroller’s Boardroom Accountability Project, a hundredfold increase since the program was launched, Comptroller Scott Stringer and the New York City Retirement…