The Retirement Systems of Alabama (RSA) has not published its proxy voting records or disclosed its investment managers. Therefore, no data concerning the proxy voting of Alabama’s public retirement funds could be published for the state. Alabama is the only state that does not publicize any of this information. 1792 Exchange encourages RSA to publish these voting records and disclose a list of its contracted asset managers instead of keeping pensioners and taxpayers in the dark about how the state votes on ESG issues with their money.
After the release of this report last year, RSA did disclose that Glass Lewis conducts its proxy voting. 1792 Exchange encourages RSA to retain authority over proxy voting for ESG resolutions and not entrust these duties to Glass Lewis, a firm the Attorney General of Alabama has investigated for promoting ESG priorities at the expense of fiduciary responsibility. Moreover, Glass Lewis continues to get caught up in controversy for promoting DEI and ESG priorities.
RSA’s public records list State Street as a custodial bank and as a fund manager. No other investment managers are named in RSA public records, which is what is reported on the 1792 Exchange Proxy Database. RSA has denied that State Street invests equities or casts proxy votes for the State.
Alabama has two main public pension fund boards. The CEO of RSA is David Bronner.
Asset Manager Voting
Pro-ESG
Anti-ESG
Anti-Fossil Fuels
Anti-Pollution/Waste
Animal Rights
DEI
Weapons/Defense
Human Rights
Income Equality
Political Speech/Lobbying Spending
Health Care
Race/Gender targets on Boards
Non-Pecuniary Corporate Purpose
ESG-Focused Governance
Abortion
Pro-Fossil Fuel
Equality not DEI
Controversial Cause Support
Geopolitical Rivals/China
