N.Y. State Retirement Fund Reaches Climate Deals With 11 Companies
19 Setembro 2019 - 2:40PM
Dow Jones News
By Colin Kellaher
The New York State Common Retirement Fund on Thursday said 11
U.S. companies agreed to changes in their climate policies and
practices, as the third-largest public pension fund in the U.S.
continues to push for environmental, social and governance
improvements within its portfolio.
New York State Comptroller Thomas DiNapoli, the fund's trustee,
said the fund filed shareholder proposals with 15 companies seeking
a variety of changes and reached agreements with 11 of them.
Among the changes, the fund said utility company Vistra Energy
Corp. (VST), which it said is one of the largest greenhouse-gas
emitters in its public equity portfolio, agreed to set targets for
reducing those emissions.
The fund said Dollar General Corp. (DG), Keurig Dr. Pepper Inc.
(KDP), Capri Holdings Ltd. (CPRI) and Under Armour Inc. (UAA)
agreed to set targets for increased energy efficiency and increased
use of renewable energy, adding that Keurig adopted a
sustainability plan with a goal of 100% of electricity derived from
renewable sources by 2025.
Energy companies Concho Resources Inc. (CXO), Range Resources
Inc. (RRC) and Diamondback Energy Inc. (FANG) agreed to assess and
disclose the business impact of regulatory efforts to limit global
warming under the terms of the Paris Agreement, the fund said.
Aggregates producer Martin Marietta Materials Inc. (MLM) agreed to
assess and report on risks and opportunities available in the
global transition to a lower carbon economy, while American
Financial Group Inc. (AFG) and Papa John's International Inc.
(PZZA) agreed to produce sustainability reports that include
company plans for addressing climate change's impact on their
business.
The fund, which reported an estimated value of $216.2 billion as
of June 30, has filed shareholder proposals with several companies
seeking full disclosure of political spending and last month filed
proposals seeking increased board diversity at four companies that
had no women directors.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 19, 2019 13:25 ET (17:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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