NY Comptroller appoints director to oversee green investments for state pension fund amid calls for divestment from fossil fuels
Jan 9, 2020
Comptroller Tom DiNapoli is going green.
Facing renewed pressure from environmental advocates and lawmakers looking to divest the state’s pension fund from from fossil fuels, DiNapoli on Thursday appointed a point person to oversee the eco-friendly investments.
DiNapoli named Andrew Siwo, a Wall Street veteran who most recently worked “mission-related investing” for Colonial Consulting, as the director of Sustainable Investments and Climate Solutions.
“Climate change is an increasingly urgent risk facing all investors, and I am determined to protect New York State’s pension fund by keeping it at the forefront of those addressing it," DiNapoli said.
The comptroller is the sole trustee of the $210 billion state Common Retirement Fund, the largest pension fund of its kind in the nation. Siwo will oversee about $12 billion of green investments.
“Comptroller DiNapoli’s innovative Climate Action Plan puts New York’s pension fund at the forefront of the low carbon economy,” Siwo said. “I have spent much of my career sourcing, assessing, and managing sustainable investments and am looking forward to growing the Fund’s sustainable investments portfolio.”