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Florida

Florida’s State Board of Administration (SBA) is the organization responsible for managing the investments of the Florida Retirement System (FRS), which is the largest public pension system in the state.

The SBA board represents all eligible public employees of the state and local governments and consists of 3 Ex Officio members (the Governor of Florida, the Chief Financial Officer of Florida, and the Attorney General of Florida).
- The SBA discloses its specific proxy voting records on this website.

The SBA uses Glass Lewis for its proxy advisory services.

The “State Voting” and “Asset Manager Voting” tables show the same proxy voting records for directly and indirectly owned securities. This is because the SBA exercises its contractual right to vote all proxies, even those relating to shares held in externally managed accounts by asset managers. For this reason, there is no need to display Florida’s voting record by Asset Manager.

The 1792 Exchange commends the SBA for voting all proxies and for publicly disclosing proxy voting information online for its pensioners.

Asset Manager Voting

Pro-ESG

17.8%

Anti-ESG

6.8%

Anti-Fossil Fuels

16%

Anti-Pollution/Waste

Animal Rights

DEI

11%

Weapons/Defense

Human Rights

26%

Income Equality

14%

Political Speech/Lobbying Spending

39%

Health Care

Race/Gender targets on Boards

100%

Non-Pecuniary Corporate Purpose

13%

ESG-Focused Governance

Abortion

Pro-Fossil Fuel

Equality not DEI

Controversial Cause Support

Geopolitical Rivals/China

21%

State Voting