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New York City Comptroller William C. Thompson, Jr., on behalf of the City’s five Pension Funds, is asking seven U.S.-owned companies to adopt “Sustainability Reporting” guidelines to disclose their social, environmental and economic performance to shareholders.

Sustainability reporting policies encourage corporations to support and participate in the development of communities in which they operate. The resolutions request that companies review current policies and practices related to social, environmental and economic sustainability and, submit a summary of long-term plans to integrate sustainability objectives through the company’s operations.

The Comptroller has submitted new shareholder proposals for five of the seven companies with investments of more than $248.2 million in the pension funds to adopt the reporting requirements. The companies are Albertsons, Inc. of Boise , Idaho; Dean Foods of Dallas, TX; Kroger of Cincinnati, OH; Lowes of Mooresville, NC ; and, Terex of Westport, CT.

The re-submission of two shareholder proposals with investments of more than $49.9 million in the pension funds involves Kinder Morgan of Houston, TX and Safeway of Pleasanton, CA.

“Public disclosure of economic, social and environmental issues will help companies in the areas of risk management, name recognition and employee recruitment,” Thompson stated. “It’s a long-term strategy that is good business for corporations, communities, and the environment.”

Besides Thompson, trustees on the New York City Fire Department Pension Fund are:

Mayor Michael Bloomberg; New York City Fire Commissioner Nicholas Scoppetta (Chair); New York City Finance Commissioner Martha E. Stark; Stephen Cassidy, President, James Slevin, Vice President, Robert Straub, Treasurer, and John Kelly, Brooklyn Representative and Chair, Uniformed Firefighters Association of Greater New York; Peter Gorman, President and Captains’ Rep., Nicholas J. Visconti, Chiefs’ Rep., and Stephen J. Carbone, Lieutenants’ Rep., Uniformed Fire Officers Association; and, Joseph Gagliardi, Marine Engineers Association.

POLICE

In addition to Thompson, trustees on the New York City Police Pension Fund are: Mayor Michael Bloomberg; New York City Finance Commissioner Martha E. Stark; New York City Police Commissioner Raymond Kelly (Chair); Patrick Lynch, Patrolmen’s Benevolent Association; Michael Palladino, Detectives Endowment Association; Edwin Mullins, Sergeants Benevolent Association; Anthony Garvey, Lieutenants Benevolent Association; and, John Driscoll, Captains Endowment Association.

NYCERS

Serving with Thompson on the New York City Employees’ Retirement System board are: New York City Finance Commissioner Martha E. Stark (Chair); New York City Public Advocate Betsy Gotbaum; Borough Presidents C. Virginia Fields (Manhattan), Helen Marshall (Queens), Marty Markowitz (Brooklyn), Adolfo Carrion (Bronx), and James Molinaro (Staten Island); Lillian Roberts, Executive Director, District Council 37, AFSCME; Roger Toussaint, President Transport Workers Union Local 100; and, Carroll (Carl) Haynes, President, International Brotherhood of Teamsters, Local 237.

TRS

In addition to Thompson, trustees on the Teachers’ Retirement System board are: New York City Finance Commissioner Martha E. Stark (Chair); Deputy Chancellor Kathleen Grimm, New York City Department of Education; and, Sandra March, Melvyn Aaronson and Mona Romain, all of the United Federation of Teachers.

BERS

The BERS Board of Trustees is comprised of: mayoral appointees Schools Chancellor Joel Klein, Alan Aviles, Phillip Berry, David Chang, Tino Hernandez, Augusta Souza Kappner, Richard Menschel and Marita Regan; Borough President appointees Jesse Mojica (Bronx), Martine G. Guerrier (Brooklyn), Jacquelyn Kamin (Manhattan), Michael Flowers (Queens), and Joan Correale (Staten Island); and employee members Thomas J. Malanga of the International Union of Operating Engineers, Local 891, and Milagros Rodriguez of District Council 37, Local 372.

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