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New Mexico

New Mexico has two main public pension funds:

The PERA board represents all eligible public employees; the board consists of 12 members: 2 Ex Officio (Secretary of State, State Treasurer); 4 elected by state members; 4 elected by municipal members; 2 elected by PERA retirees.
The NMERB represents public school teachers and employees and consists of 9 members: the State Treasurer, 2 members appointed by the Governor, 2 members appointed by the National Education Association of New Mexico, 1 member appointed by the Public Education Department, 1 member appointed by the Department of Higher Education, 1 member appointed by the American Association of University Professors, and 1 member appointed by the American Federation of Teachers.

The NMERB discloses its specific proxy voting records through this website.

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

Averages

Pro-ESG

Anti-ESG

State Voting Average

49%

State Voting Average

7.41%

State Rank

39th

State Rank

14th

Asset Manager Average

45%

Asset Manager Average

7%

By Asset Manager

ACM Funds

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

13%

BlackRock

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

30%

Blackstone

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

31%

Brookfield Asset Management

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

31%

MFS Institutional Advisors, Inc.

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

38%

PIMCO

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

40%

Principal Capital Investors LL

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

45%

RBC Capital Markets LLC

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

45%

UBS

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

45%

Kayne Anderson ISC

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

45%

Neuberger Berman Investment Advisers LLC

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

45%

Acadian Asset Management

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

45%

Madison

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

45%

Asset Manager Voting

Board Diversity:

27%

Require Environmental/Social Qualifications:

5%

Establish Environmental/Social Committee:

5%

Link Executive Pay to Social Goals:

18%

Climate Change:

33%

GHG Emissions:

44%

Climate Change Action:

18%

Report on Healthcare/Abortion:

28%

Weapons-Related Proposals:

6%

Social Proposal:

11%

Income Inequality:

6%

Political Activities and Action:

2%

Political Contributions and Lobbying:

39%

Political Lobbying Disclosure:

48%

Racial Equity Audit:

63%

Management Environmental Proposals:

94%

Anti-Social:

5%

Charitable Contributions:

8%

State Voting

Board Diversity:

20.0%

Require Environmental/Social Qualifications:

0.0%

Establish Environmental/Social Committee:

0.0%

Link Executive Pay to Social Goals:

0.0%

Climate Change:

51.1%

GHG Emissions:

90.9%

Report on Healthcare/Abortion:

100.0%

Weapons-Related Proposals:

0.0%

Social Proposal:

48.5%

Income Inequality:

33.3%

Political Activities and Action:

58.3%

Political Contributions and Lobbying:

77.8%

Political Contributions and Lobbying:

80.8%

Racial Equity Audit:

56.7%

Management Environmental Proposals:

100.0%

Anti-Social:

7.1%

Charitable Contributions:

7.1%

**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.

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