City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Brad Lander has recommended three of the city’s five pension funds rebid BlackRock’s U.S. public equities index mandates.
Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.
Community Stabilization Partners was created after the 2023 collapse of Signature Bank to help support rent-stabilized apartments.
City Comptroller Brad Lander said he expects energy supply ratio disclosure will become a ‘new standard’ for the banking sector.
Brad Lander said a report by law firm Jenner & Block lacks rigor, expertise and worker input.
Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.