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Louisiana

Louisiana has two main public pension funds:

The TRSL board represents public teachers and consists of 17 members: 12 are elected by TRSL members or retirees, 4 are ex officio (State Superintendent of Education, State Treasurer, Chair of the Senate Retirement Committee, and Commissioner of the Division of Administration), and 1 is appointed by House Speaker.
The LASERS board represents all eligible state and local government employees; the board consists of 13 members: 4 Ex Officio (State Treasurer, Commissioner of Administration, Chair of the Louisiana Senate Retirment Committee, member of the Louisiana House of Representatives Retirement Committee appointed by the Speaker of the House); 6 elected by active members, 3 elected by retirees.

Averages

Pro-ESG

Anti-ESG

State Rank

17th

State Rank

34th

Asset Manager Average

37%

Asset Manager Average

By Asset Manager

Artisan Partners

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

37%

BlackRock

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

30%

BNY Mellon Funds

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

34%

Boston Partners

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

34%

Brandes Investment Partners

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

34%

Brookfield Asset Management

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

35%

Cohen & Steers Capital Management, Inc.

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

35%

Counterpoint Global (Morgan Stanley)

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

35%

Dimensional Fund Advisors, Inc.

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

30%

Eagle Capital Management, LLC

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

30%

Fidelity Insitutional Asset Management LLC

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

26%

First Eagle International Value

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

26%

Fisher Investments

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

26%

GMO

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

27%

Goldman Sachs Asset Management

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

27%

GQG Partners

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

28%

Hood River Capital Management

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

28%

Invesco Advisors

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

30%

JP Morgan Asset Management

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

32%

Loomis Sayles

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

32%

LSV Asset Management

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

32%

MFS Institutional Advisors, Inc.

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

33%

Mondrian Investment Partners

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

33%

Northern Trust Asset Management

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

34%

PGIM Quantitative Solutions, LLC

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

35%

Principal Capital Investors LL

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

36%

Segall, Bryant and Hamill

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

36%

State Street Funds

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

36%

T. Rowe Price Associates, Inc.

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

T. Rowe Price Associates, Inc.

Virtus Funds

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

36%

Vontobel

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

36%

Voya Investment Management

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

37%

Westfield Capital Managemen

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

37%

Westwood Management

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

37%

William Blair Investment Management, LLC

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

37%

Europacific Growth Fund R6

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

37%

Oberweis Asset Management, Inc.

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

37%

Acadian Asset Management

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

37%

Macquarie Investment Management Advisers

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

37%

Baillie Gifford

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

37%

Asset Manager Voting

Board Diversity:

21%

Require Environmental/Social Qualifications:

Establish Environmental/Social Committee:

Link Executive Pay to Social Goals:

11%

Climate Change:

33%

GHG Emissions:

40%

Climate Change Action:

13%

Report on Healthcare/Abortion:

17%

Weapons-Related Proposals:

Social Proposal:

10%

Income Inequality:

10%

Political Activities and Action:

Political Contributions and Lobbying:

33%

Political Lobbying Disclosure:

40%

Racial Equity Audit:

38%

Management Environmental Proposals:

85%

Anti-Social (Anti-ESG):

Charitable Contributions:

**The Retirement Systems of Alabama (RSA) has denied that State Street invests equities or casts proxy votes for the State. RSA has yet to publish its proxy voting records or disclose its investment managers. RSA’s public records list State Street 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 claims that Glass Lewis conducts its proxy voting. 1792 Exchange encourages RSA to publish these voting records in order that these records might be updated on this page. 1792 Exchange also 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.

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.