NYS Pension Fund Calls for Civil Rights Audit on Amazon
State comptroller calls for third-party audit to asses how retail giant’s policies affect equity, diversity, and inclusion.
The New York State Common Retirement Fund (NYSCRF) has filed a shareholder proposal calling for an independent audit to assess Amazon.com Inc.’s policies and practices on civil rights, equity, diversity, and inclusion, and how they affect the retail giant’s business.
The proposal requests that Amazon’s board of directors commission a racial equity audit to be conducted by an independent third party with input from civil rights organizations, employees, communities where Amazon operates, and other stakeholders. It also said a report on the audit should be made available to the public on Amazon’s website.
Switch replacement has increased the speed of MTA subway trains.
LIRR
The Long Island Rail Road has spending issues that relate to both time and money. According to a New York state audit, several infrastructure projects over the past decade or so have been over budget and slow to get completed.
The audit looked at 11 projects from LIRR’s capital programs covering a 10-year span from 2010 and 2019. Ten of those jobs were finished late, ranging from a few months to a few years, while eight of the 11 projects ran over budget for a total cost overrun of almost $70 million.
“The LIRR, like all other MTA agencies, needs every dollar it can get,” New York State Comptroller Thomas DiNapoli said in a statement. “This audit identifies ways that LIRR can save millions of dollars on capital projects, if it does a better job adhering to oversight policies it already has in place.”
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The New York state Common Retirement Fund is wrapping up its evaluation of nine oil sands companies, mainly in Canada and Russia, and will develop minimum standards for investments in shale oil and gas.