NYS Comptroller DiNapoli on Knowing When to Divest

Engagement plays an important role for managers to ensure the companies they invest in are managing ESG factors to maximize long-term value. But what happens when this engagement just doesn’t cut it? When the carrot doesn’t work, sometimes you need the stick. On this episode of ESG Currents, BI Senior ESG Analyst Rob Du Boff chats with NYS Comptroller Thomas P. DiNapoli. They discuss the recent announcement that the New York State Common Retirement Fund, one of the largest public pensions in the US, will restrict investment in eight oil and gas companies it deemed not ready for the carbon transition, including Exxon Mobil. This episode was recorded on March 26.

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