RFI for Investment and Fiduciary Analysis of Prudent Strategies for Divestment of Securities Issued by Fossil Fuel Reserve Owners
April 19, 2018
The Office of the New York City Comptroller (“Comptroller”), on behalf of the Teachers Retirement System of the City of New York (“TRS”), New York City Employees’ Retirement System (“NYCERS”) and the New York City Board of Education Retirement Systems (“BERS”) (collectively “the Systems”), is issuing a Request for Information (“RFI”) to gather insights and knowledge in order to develop a Request for Proposals (“RFP”) for investment analysis services to evaluate and determine a prudent strategy for potential divestment and exclusion of securities issued by companies owning fossil fuel reserves from the investment portfolios of the Systems within a five year period, consistent with fiduciary duty and the investment objectives of the Systems. Responses to the RFI are welcome from persons or organizations from a variety of disciplines, industries and fields including investment, finance, business, legal, scientific and environmental policy communities, that may or may not intend to propose services in response to the above- referenced RFP but who wish to provide information that may assist with the objectives of the RFI.
The RFI is for informational purposes only and is not intended as a solicitation for the award of a contract or as a prerequisite for participation in any future solicitation. No contract will be awarded as a result of the RFI and response to the RFI is not required in order to respond to any subsequent RFP.
The RFI, which more fully describes the purpose and objectives of the request, is available for download here. You must register to download the RFI. Fill-in the form below to “Register.” Questions about the RFI should be e-mailed to Climate RFI Contact at email@example.com by May 11, 2018. Responses to the RFI are due by June 15, 2018 by 3:00 p.m. (EDT).Please note revised due date.
Addendum added May 30, 2018