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Michigan

Michigan has three main public pension fund boards:

  • The public school ORS board represents public school employees and consists of 12 members: 1 Ex Officio (State Superintendent of Education); 11 appointed by the Governor.
  • The police ORS board consists of 9 members: 5 Ex Officio (Attorney General, Office of the State Employer, State Treasurer, Department of State Police Director, Deputy Auditor General); 4 appointed by the Governor.
  • The State of Michigan Retirement Board provides oversight of the State Employees’ Retirement System Defined Benefit (DB) plan, the Judges Retirement System DB plan, and the Military Retirement Provisions; the board consists of 9 members: 4 Ex Officio (State Treasurer, State Personnel Director, Attorney General, Deputy Auditor General); 5 appointed by the Governor.

By Asset Manager

Ancora Funds

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

36%

BlackRock Funds

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

7%

Dimensional Investment Funds

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

5%

Fidelity Funds

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

14%

GMO Funds

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

60%

Invesco Funds

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

34%

PIMCO Funds

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

85%

Principal Funds

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

46%

UBS Funds

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

48%

Blackstone Funds

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

84%

Vontobel Funds

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

0%

ARK Funds

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

18%

Wasatch Funds

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

19%

Clarkston Funds

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

32%

Brookfield Funds

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

48%

Asset Manager Voting

Pro-ESG

20%

Anti-ESG

1.3%

Anti-Fossil Fuels

18%

Anti-Pollution/Waste

27%

Animal Rights

16%

DEI

21%

Weapons/Defense

7%

Human Rights

25%

Income Equality

34%

Political Speech/Lobbying Spending

24%

Health Care

10%

Race/Gender targets on Boards

38%

Non-Pecuniary

4%

ESG-Focused Governance

11%

Abortion

11%

Pro-Fossil Fuel

1%

Equality not DEI

1%

Controversial Cause Support

2%

Geopolitical Rivals/China

2%

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