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Public Profile
Funds, trusts, and financial vehicles
US
updated 2 months ago

New York City Employees' Retirement System Sustainability Profile

Company website

The New York City Employees' Retirement System (NYCERS), headquartered in the United States, is a pivotal institution in the public sector retirement industry. Established in 1920, NYCERS serves the diverse workforce of New York City, providing retirement benefits to over 400,000 members, including city employees, teachers, and uniformed personnel. With a focus on pension administration and investment management, NYCERS is renowned for its commitment to financial security and sustainability. The system's unique approach combines robust investment strategies with comprehensive member services, ensuring that retirees receive the benefits they deserve. As one of the largest public pension funds in the United States, NYCERS has achieved significant milestones, including a strong market position and a reputation for transparency and accountability in managing public funds.

DitchCarbon Score

How does New York City Employees' Retirement System's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

27

Industry Average

Mean score of companies in the Funds, trusts, and financial vehicles industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

25

Industry Benchmark

New York City Employees' Retirement System's score of 27 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.

55%

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New York City Employees' Retirement System's reported carbon emissions

In 2023, the New York City Employees' Retirement System (NYCERS) reported total emissions of approximately 22.3 billion kg CO2e, with Scope 3 emissions accounting for about 18.9 billion kg CO2e. The Scope 1 and 2 emissions were reported at approximately 76,400 kg CO2e. In 2022, NYCERS' total emissions were approximately 10.7 billion kg CO2e, with Scope 3 emissions at about 10.7 billion kg CO2e and Scope 1 and 2 emissions at approximately 67,960 kg CO2e. NYCERS has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded any emissions data from a parent organisation. The system is actively engaged in climate commitments, as outlined in its Net Zero Implementation Plan, which focuses on investments in climate change solutions and partnerships with asset managers pursuing net zero goals. Overall, NYCERS is committed to addressing its carbon footprint through strategic investments and partnerships, although specific reduction targets have not been established.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201920222023
Scope 1
-
-
-
Scope 2
-
-
-
Scope 3
-
00,000,000,000
00,000,000,000

How Carbon Intensive is New York City Employees' Retirement System's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. New York City Employees' Retirement System's primary industry is Funds, trusts, and financial vehicles, which is low in terms of carbon intensity compared to other industries.

How Carbon Intensive is New York City Employees' Retirement System's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for New York City Employees' Retirement System is in US, which has a low grid carbon intensity relative to other regions.

New York City Employees' Retirement System's Scope 3 Categories Breakdown

New York City Employees' Retirement System's Scope 3 emissions, which increased by 76% last year and increased by approximately 76% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" representing nearly all of their reported Scope 3 footprint.

Top Scope 3 Categories

2023
Investments
100%

New York City Employees' Retirement System's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

New York City Employees' Retirement System has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare New York City Employees' Retirement System's Emissions with Industry Peers

Fidelity

US
•
Services auxiliary to financial intermediation (67)
Updated 7 days ago

State Street

US
•
Services auxiliary to financial intermediation (67)
Updated about 1 month ago

Illinois State Board of Investment

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 13 days ago

Blackrock

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Teachers Insurance And Annuity Association

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 16 days ago

Vanguard

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 17 days ago

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Where does DitchCarbon data come from?

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