New York City Employees' Retirement System Sustainability Profile
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.
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.
Industry Benchmark
New York City Employees' Retirement System's score of 30 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 33,960 kg CO2e from Scope 1 and 2 sources, alongside significant Scope 3 emissions of about 18,944,404,000 kg CO2e, primarily attributed to investments. The previous year, 2022, saw a total of about 67,960 kg CO2e in Scope 1 and 2 emissions and approximately 10,741,910,920 kg CO2e in Scope 3 emissions. NYCERS has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. However, the organisation is actively engaging with asset managers and portfolio companies that have established net-zero goals or science-based targets, indicating a commitment to aligning its investment strategies with climate action. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by NYCERS. The organisation's climate commitments reflect a growing awareness of the importance of sustainability in investment practices, although specific reduction targets remain unspecified.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| 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?
How Carbon Intensive is New York City Employees' Retirement System's Location?
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
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.
