Nevada

Nevada has one main public pension system, the Nevada Public Employees’ Retirement System (NVPERS).

The NVPERS board represents nearly all state and local public employees; the board consists of 7 members, all appointed by the Governor.

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 NVPERS proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Nevada does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Nevada to publish its proxy voting records instead of keeping its pensioners in the dark about how the state votes on ESG issues with their money.

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

By Asset Manager

Alliance Bernstein Funds

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

BlackRock Funds

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

BNY Mellon Funds

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

21%

State Street Global Advisors Funds

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

19%

Asset Manager Voting

Pro-ESG

7.5%

Anti-ESG

1.6%

Anti-Fossil Fuels

13%

Anti-Pollution/Waste

Animal Rights

DEI

Weapons/Defense

11%

Human Rights

Income Equality

Political Speech/Lobbying Spending

Health Care

Race/Gender targets on Boards

Non-Pecuniary

ESG-Focused Governance

Abortion

Pro-Fossil Fuel

Equality not DEI

Controversial Cause Support

Geopolitical Rivals/China