Massachusetts
222 Companies Headquartered in Massachusetts
2Seventy Bio, Inc., 829 Studios, Acquia, Acrivon Therapeutics, Inc., Acumen Pharmaceuticals, Agenus Inc., Agios, Akamai Technologies, Akebia Therapeutics, Akoya Biosciences
Massachusetts Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Medium Risk |
| Discriminatory Philanthropy | Medium Risk |
| Employment Protection | High Risk |
Corporate Weaponization
| Criteria | Risk Level |
|---|---|
| Advocacy Bias | Medium Risk |
| Funding | Medium Risk |
| Political Actions | Medium Risk |
Corporate Governance and Public Policy
State Leadership
State Pension Fund Summary
Massachusetts has two main public pension systems: the Massachusetts State Employees’ Retirement System (SERS) and the Massachusetts Teachers’ Retirement System (MTRS). The assets of SERS and MTRS are pooled together into the Pension Reserves Investment Trust (PRIT) Fund. The Pension Reserves Investment Management (PRIM) Board oversees the PRIT Fund.
- The PRIM board consists of 9 members: 2 Ex Officio (Treasurer and 1 designee of the Treasurer); 4 elected members; 2 appointed members.
The “By Asset Manager” and “Asset Manager Voting” tables show the proxy voting records of the state’s asset managers who manage the pensions’ stock market portfolio through index, exchange-traded, or mutual funds. Since these are externally managed funds, the asset managers typically retain and exercise proxy voting privileges. This data is used to calculate the state’s pro-ESG and anti-ESG scores to see how the state leverages its externally managed funds in proxy voting.
The “State Voting” table shows PRIM’s proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Massachusetts does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Massachusetts to publish its proxy voting records instead of keeping its pensioners in the dark about how the state votes on ESG issues with their money.
Both tables are important to show a comprehensive picture of the state’s proxy voting record.