Back to States List

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.

Averages

Pro-ESG

Anti-ESG

State Rank

10th

State Rank

38th

Asset Manager Average

34%

Asset Manager Average

By Asset Manager

Ancora

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

60%

Baron Global Advantage

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

48%

BlackRock

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

31%

Blackstone

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

31%

Brookfield Asset Management

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

31%

Clarkston Partners-Inst

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

32%

Dimensional Fund Advisors, Inc.

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

26%

Fidelity Insitutional Asset Management LLC

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

24%

GMO

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

25%

Invesco Advisors

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

28%

JP Morgan Asset Management

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

30%

Morgan Stanley

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

31%

PIMCO

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

32%

Principal Capital Investors LL

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

34%

UBS

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

34%

Vontobel

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

34%

Wasatch Advisors

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

34%

Ark Investments

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

34%

Acadian Asset Management

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

34%

Berkshire

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

34%

Asset Manager Voting

Board Diversity:

19%

Require Environmental/Social Qualifications:

Establish Environmental/Social Committee:

Link Executive Pay to Social Goals:

12%

Climate Change:

30%

GHG Emissions:

36%

Climate Change Action:

Report on Healthcare/Abortion:

14%

Weapons-Related Proposals:

Social Proposal:

10%

Income Inequality:

Political Activities and Action:

Political Contributions and Lobbying:

31%

Political Lobbying Disclosure:

36%

Racial Equity Audit:

37%

Management Environmental Proposals:

82%

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.