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Maine

Maine has one main public pension fund:

The MainePERS board represents all eligible state and municipal employees; the board consists of 8 members: 1 Ex Officio (State Treasurer); 4 appointed by the Governor, one from a list submitted by the Maine Retired Teachers Association and one must be a MainePERS retiree selected from a list of nominees submitted by State and/or PLD retirees; 1 by the governing body of the Maine Municipal Association; 2 elected, one by the Maine Education Association and one by the Maine State Employees Association.
- MainePERS discloses its specific proxy voting records on this website.

The first table shows the aggregated proxy voting records of the state’s asset managers, who manage the pension’s stock market portfolio either through mutual funds or ETFs, and are therefore exercising proxy voting privileges as well. The second table shows the state’s publicly disclosed proxy voting records for public securities that it directly owns through pension fund portfolios. Both of these tables are necessary to reflect an accurate and comprehensive picture of the state’s proxy voting records.

By Asset Manager

ACM Funds

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

0%

BlackRock Funds

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

7%

Homestead Funds

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

3%

Invesco Funds

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

34%

Prudential Funds

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

38%

Blackstone Funds

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

84%

Brookfield Funds

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

48%

Asset Manager Voting

Pro-ESG

22%

Anti-ESG

1.7%

Anti-Fossil Fuels

20%

Anti-Pollution/Waste

29%

Animal Rights

10%

DEI

21%

Weapons/Defense

11%

Human Rights

28%

Income Equality

36%

Political Speech/Lobbying Spending

28%

Health Care

7%

Race/Gender targets on Boards

43%

Non-Pecuniary

8%

ESG-Focused Governance

17%

Abortion

13%

Pro-Fossil Fuel

1%

Equality not DEI

1%

Controversial Cause Support

3%

Geopolitical Rivals/China

2%

State Voting

Pro-ESG

37%

Anti-ESG

2%

Anti-Fossil Fuel

30%

Anti-Pollution/Waste

13%

Animal Rights

0%

DEI

48%

Weapons/Defense

25%

Human Rights

61%

Income Equality

17%

Political Speech/Lobbying Spending

41%

Health Care

5%

Race/Gender targets on Boards

100%

Non-Pecuniary Corporate Purpose

80%

ESG-Focused Governance

22%

Abortion

33%

Pro-Fossil Fuels

0%

Equality not DEI

0%

Controversial Cause Support

14%

Geopolitical Rivals/China

0%

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