New York City Retirement Systems is searching for a carbon footprint analysis service and a climate-risk investment strategy consultant to advise the systems' pension funds on the environmental impact of investments.
The openings are new, said Eric Sumberg, a spokesman for Comptroller Scott M. Stringer, the fiduciary for the five city pension funds within the $154 billion retirement system, in an e-mail.
“The New York City pension funds trustees are taking critical steps now to ensure the funds are positioned to manage the investment risks, and identify the opportunities presented by climate change and the transition to a low-carbon economy,” Mr. Stringer said in an e-mailed statement.
The RFP affects only four of the pension funds — New York City Employees' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund and New York City Board of Education Retirement System.
The New York City Teachers' Retirement System wasn't included. Mr. Sumberg said the teachers' pension fund issued a separate RFP.
Mr. Stringer is looking for a company or companies to help the city pension funds “in prudently incorporating a focus on climate change risk into their long-term strategy,” the RFP said.
The RFP said a contract could be awarded to a single provider for both services or separate providers for each service. The RFP is posted on the comptroller's website. Registration is required. Proposals are due by 3 p.m. EDT on July 7. Evaluations and interviews will take place in July and August. The contract starts Oct. 1.
