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City Comptroller William C. Thompson, Jr., on behalf of the New York City Employees’ Retirement System (NYCERS) and Teachers’ Retirement System for the City of New York (TRS), joined United Nations Secretary-General Kofi Annan and other institutional investors at the international launch of the “Principles for Responsible Investment.”

The Principles for Responsible Investment were developed by an international group of institutional investors reflecting the increasing relevance of environmental, social and corporate governance issues to investment practices. The process was convened by the United Nations Secretary-General.

In signing the Principles, investors affirm that they are publicly committed to adopting and implementing them as part of their fiduciary responsibilities. It also shows a commitment to evaluating and improving the Principles over time and better aligning investment activities with the broader interests of society.

“There is no question that the larger goal of incorporating environmental, social and corporate governance matters into investment decisions is critical to achieving the greatest security for the funds we invest in, whether as large institutional investors or as investment mangers and service partners,” Thompson said. “I applaud the United Nations Environmental Program Finance Initiative for bringing together so many representatives from around the globe to begin coordinating a set of guiding principles for sustainable investment.”

For a copy of news release by the UNEP Finance Initiative , visit our web site at www.comptroller.nyc.gov