RFP Investment and Fiduciary Analysis of Prudent Strategies For Divestment of Securities Issued by Fossil Fuel Reserve Owners For the New York City Retirement Systems
December 18, 2018
The Office of the New York City Comptroller (“Comptroller”), acting on behalf of the New York City Employees’ Retirement System (“NYCERS”), the Teachers’ Retirement System of the City of New York (“Teachers”), and the New York City Board of Education Retirement System (“BERS”), (collectively “the Systems” and individually a “System”), has prepared and is distributing an RFP to identify a firm or firms to provide investment analysis, evaluation and advice (“Investment Analysis Services”) to the Boards on developing a prudent strategy for potential divestment from securities of fossil fuel reserve owners consistent with fiduciary duty and the investment objectives of the Systems. Consistent with the policies expressed by the City of New York, participation by City-certified minority-owned and women-owned businesses or partnership arrangements with minority-owned and women-owned consultant firms are encouraged. Additionally, participation by small and New York City-based businesses is encouraged.
This procurement is subject to participation goals for MBEs and/or WBEs as required by Section 6-129 of the New York City Administrative Code.
The RFP, which fully describes the scope or work, minimum requirements, and proposal submission procedures may be downloaded by filling out the form provided below. Questions about the RFP should be transmitted by e-mail as soon as possible but no later than January 15, 2019 by 2 p.m. to ClimateStudy@comptroller.nyc.gov. Proposals are due by February 8, 2019 by 2 p.m.
Addendum Added: January 10, 2019