New Hampshire

New Hampshire has one main public pension system: the New Hampshire Retirement System (NHRS).

The NHRS board represents public employees, teachers, police officers, and firefighters; the board consists of 13 members: 1 Ex Officio (State Treasurer); 12 appointed by the Governor and confirmed by the Executive council (includes 1 employee member, 1 teacher member, 1 firefighter member, 1 police officer member, 4 employer representatives, and 4 public members).
- According to its 2023 Annual Comprehensive Financial Report, the NHRS’ general investment consultant is Callan LLC.

NHRS uses ISS for its proxy advisory services.

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 NHRS proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since New Hampshire does not publicly disclose this information to its pensioners. The 1792 Exchange encourages New Hampshire 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

Aristotle Funds