On 1 May 2026, the Business and Human Rights Centre invited the NY State Common Retirement Fund to respond to concerns that a company it is investing in, Palantir, is linked to various allegations of facilitating human rights abuse. Reportedly, Palantir is involved in “ICE activities, government monitoring, and contentious national security projects” that run contra to the fund's policies around civil liberties, human rights, and corporate governance. Palantir has responded to similar allegations, which can be found on its BHRC company page.

As stated in the United Nations Guiding Principles on Business & Human Rights (UNGPs), investors have a responsibility to use their leverage to ensure that those with whom they have business relationships, including portfolio companies, respect human rights. The NY State Common Retirement Fund responded, stating:

"Please see the attached letter sent to Palantir on January 23, 2026. We have since engaged with the company on the substance of the letter."

The letter notes:
"...While the Fund recognizes that many companies provide products and services to government agencies, there has recently been intense public criticism, controversy, and scrutiny surrounding immigration enforcement and human rights impacts. Companies whose business is tied to these controversies may face significant legal, operational, and reputational risks that may adversely affect shareholder value. Furthermore, changes in government spending priorities, budget constraints, or shifts in immigration policies may impact a company’s ability to secure and maintain contracts, leading to revenue instability and unpredictability..."