New York State Common Retirement Fund appoints first director of sustainable investments
The New York State Common Retirement Fund (NYSCRF) has appointed its first director of sustainable investments and climate solutions, New York State comptroller Thomas P. DiNapoli said in a statement on Thursday.
Andrew Siwo, according to DiNapoli, will be responsible for implementing the $210 billion pension fund’s climate action plan. He will report directly to the CIO and will oversee a $12 billion commitment to the Climate Solutions Program.
“We are fortunate to have Andrew Siwo’s experience and expertise to help advance the fund’s ongoing pursuit of smart climate-related investments,” said DiNapoli. “Andrew will be a great asset in sourcing investment opportunities in the growing lower carbon global economy.”
Siwo also will provide internal training to investment teams on sustainable investing to integrate ESG factors into investment selection decisions.
“Investors who fail to take advantage of the growth in climate investing may miss