STATE PENSION FUNDS
This table shows the percentage of pro-ESG and anti-ESG shareholder proposals that each state’s pension funds supported in 2023, according to data from their investment managers. The states denoted with asterisks have disclosed their own proxy voting records for the state’s directly owned equities. States are ranked 1-50 with #1 signifying lowest pro-ESG average and highest anti-ESG average.
2023 Proxy Voting Rankings
| States | Pro-ESG Avg. | Rank | Anti-ESG Avg. | Rank | State Voting Avg. | Rank | 2022 ESG Avg | 2022 ESG Rank |
|---|---|---|---|---|---|---|---|---|
| Alabama | 49.5% | 47 | ||||||
| Alaska | 11.7% | 6 | 1.2% | 35 | 30.8% | 8 | ||
| Arizona | 16.3% | 17 | 0.9% | 46 | 43.1% | 35 | ||
| Arkansas | 27.5% | 42 | 1.8% | 12 | 43.2% | 37 | ||
| California* | 24.9% | 37 | 1.7% | 15 | 54% | 12 | 38.8% | 21 |
| Colorado* | 29.4% | 44 | 1.5% | 23 | 36% | 6 | 48.8% | 46 |
| Connecticut* | 12.2% | 8 | 1.2% | 35 | 58% | 13 | 41.1% | 30 |
| Delaware | 6% | 1 | 0.8% | 47 | 23.3% | 2 | ||
| Florida* | 17.8% | 21 | 6.8% | 1 | 17.8% | 2 | 43.1% | 35 |
| Georgia | 7.9% | 4 | 1.3% | 29 | 25.6% | 3 | ||
| Hawaii | 22% | 29 | 1.5% | 23 | 37.4% | 20 | ||
| Idaho | 31.9% | 46 | 1.9% | 11 | 47.7% | 44 | ||
| Illinois* | 17.9% | 24 | 2.4% | 5 | 35% | 5 | 37.1% | 19 |
| Indiana | 17.6% | 20 | 1.4% | 28 | 40.2% | 27 | ||
| Iowa | 24.8% | 35 | 1.2% | 35 | 39.3% | 26 | ||
| Kansas | 13.1% | 10 | 1.3% | 29 | 36.2% | 16 | ||
| Kentucky | 28.5% | 43 | 1.6% | 19 | 47.9% | 45 | ||
| Louisiana | 18.6% | 25 | 1.3% | 29 | 36.7% | 17 | ||
| Maine* | 22% | 29 | 1.7% | 15 | 37% | 7 | 39.0% | 24 |
| Maryland* | 13% | 9 | 1% | 45 | 45% | 10 | 28.9% | 4 |
| Massachusetts | 26.5% | 40 | 1.1% | 42 | 44.1% | 38 | ||
| Michigan | 20% | 26 | 1.3% | 29 | 34.2% | 10 | ||
| Minnesota* | 17.4% | 18 | 1.2% | 35 | 82% | 15 | 31.7% | 9 |
| Mississippi | 32.1% | 47 | 2% | 10 | 47.1% | 42 | ||
| Missouri | 29.4% | 44 | 1.5% | 23 | 45.0% | 40 | ||
| Montana | 24.8% | 35 | 1.6% | 19 | 47.3% | 43 | ||
| Nebraska | 16.1% | 16 | 1.8% | 12 | 39.2% | 25 | ||
| Nevada | 7.5% | 2 | 1.6% | 19 | 30.3% | 6 | ||
| New Hampshire | 15.9% | 14 | 2.3% | 6 | 35.8% | 14 | ||
| New Jersey* | 42% | 48 | 2.1% | 9 | 86% | 16 | 59.6% | 49 |
| New Mexico* | 25.9% | 39 | 1.7% | 15 | 47% | 11 | 44.7% | 39 |
| New York* | 23.1% | 32 | 1.5% | 23 | 80.50% | 14 | 40.5% | 29 |
| North Carolina* | 27% | 41 | 2.2% | 8 | 23% | 3 | 41.9% | 31 |
| North Dakota | 24.7% | 34 | 3% | 3 | 42.4% | 32 | ||
| Ohio | 25.6% | 38 | 1.7% | 15 | 45.3% | 41 | ||
| Oklahoma | 16% | 15 | 1.2% | 35 | 35.8% | 14 | ||
| Oregon | 17.8% | 21 | 1.3% | 29 | 38.9% | 22 | ||
| Pennsylvania* | 16.4% | 18 | 2.3% | 6 | 23% | 3 | 36.7% | 17 |
| Rhode Island | 14.1% | 12 | 1.3% | 29 | 96% | 17 | 29.8% | 5 |
| South Carolina | 7.9% | 4 | 1.2% | 35 | 34.7% | 12 | ||
| South Dakota | 14.2% | 13 | 1.1% | 42 | 19.4% | 1 | ||
| Tennessee | 20.2% | 27 | 0.5% | 48 | 56.6% | 48 | ||
| Texas | 23.5% | 33 | 1.6% | 19 | 17% | 1 | 43.0% | 34 |
| Utah | 6.7% | 2 | 1.2% | 35 | 30.3% | 6 | ||
| Vermont | 17.8% | 21 | 1.8% | 12 | 35.4% | 13 | ||
| Virginia | 23% | 31 | 2.8% | 4 | 42.6% | 33 | ||
| Washington* | 13.7% | 11 | 1.1% | 42 | 43% | 9 | 40.2% | 27 |
| West Virginia | 21.5% | 28 | 1.5% | 23 | 38.9% | 22 | ||
| Wisconsin* | 84.3% | 49 | 5.6% | 2 | 42% | 8 | 59.6% | 49 |
| Wyoming | 11.8% | 7 | 0% | 49 | 34.4% | 11 |
Disclaimer: The information contained in this report, ‘Proxy Voting,’ is intended for educational purposes only and does not constitute financial or investment advice. Click here for the full disclaimer.