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Indiana

Indiana has one main public pension system: the Indiana Public Retirement System (INPRS). The INPRS oversees the Teachers’ Retirement Fund (TRF), the Public Employees’ Retirement Fund (PERF), the Police Officers’ and Firefighters’ Pension Fund, Judges’ Retirement System (JRS), the Prosecuting Attorneys’ Retirement Fund, the Legislators’ Retirement System (LRS), and the State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Enforcement Officers’ Retirement Plan (EG&C Plan).

  • The INPRS board represents all eligible state and municipal employees; the board consists of 9 members: 3 Ex Officio (State Auditor, State Treasurer, Office of Management and Budget General Council, and Policy Director); 6 appointed by the Governor.
    • INPRS discloses its proxy voting records for directly held equities on this website.

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 INPRS proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends the INPRS for publicly disclosing this information online for its pensioners.

Both tables are important to show a comprehensive picture of the state’s proxy voting record.

By Asset Manager

AQR Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

82%

BlackRock Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

7%

Goldman Sachs Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

6%

State Street SSGA

Percentage of times Mgr. voted “for” pro-ESG proposals:

19%

TCW Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

76%

Blackstone Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

84%

Baillie Gifford Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

29%

Kayne Anderson Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

29%

Asset Manager Voting

Pro-ESG

13.8%

Anti-ESG

1.3%

Anti-Fossil Fuels

22%

Anti-Pollution/Waste

20%

Animal Rights

6%

DEI

17%

Weapons/Defense

19%

Human Rights

17%

Income Equality

16%

Political Speech/Lobbying Spending

17%

Health Care

13%

Race/Gender targets on Boards

13%

Non-Pecuniary

14%

ESG-Focused Governance

10%

Abortion

10%

Pro-Fossil Fuel

1%

Equality not DEI

1%

Controversial Cause Support

1%

Geopolitical Rivals/China

2%

State Voting

Pro-ESG

11%

Anti-ESG

0%

Anti-Fossil Fuels

20%

Anti-Pollution/Waste

8%

Animal Rights

0%

DEI

8%

Weapons/Defense

40%

Human Rights

5%

Income Equality

14%

Political Speech/Lobbying Spending

6%

Health Care

0%

Race/Gender targets on Board

0%

Non-Pecuniary Corporate Purpose

13%

ESG-Focused Governance

0%

Abortion

0%

Pro-Fossil Fuel

0%

Equality not DEI

0%

Controversial Cause Support

0%

Geopolitical Rivals/China

0%

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