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New York

New York has two main public pension systems: the New York State & Local Retirement System (NYSLRS) (the Employees’ Retirement System (ERS), the Police and Fire Retirement System (PFRS) and the New York State Teachers’ Retirement System (NYSTRS). The investments of NYSLRS are overseen by the New York Common Retirement Fund (CRF).

  • The New York State Comptroller is the sole trustee of the New York State CRF.
    • The New York State CRF discloses its proxy voting records on this website; 2023 voting records are published here.
  • The NYSTRS board represents public school teachers and employees and consists of 10 members: 3 teacher members are elected from the membership; 1 NYSTRS retiree is elected by retired members; 2 school administrators are appointed by the state Commissioner of Education; 2 present or former school board members, experienced in the fields of finance and investment, are elected by the Board of Regents based on recommendations of the New York State School Boards Association; 1 present or former bank executive is elected by the Board of Regents; 1 member is either the State Comptroller or a designee.
    • The NYSTRS discloses its specific proxy voting records on this website.

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 NYSLRS’s and NYSTRS’s proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends the NYSLRS and the NYSTRS for publicly disclosing this information online for their pensioners.

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

By Asset Manager

AQR Funds

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

82%

BlackRock Funds

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

7%

Brown Advisory Funds

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

29%

Dimensional Investment Funds

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

5%

Franklin Templeton Funds

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

51%

Goldman Sachs Funds

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

6%

Harding Loevner Funds

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

12%

Invesco Funds

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

34%

Nuveen Funds

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

41%

PGIM Funds

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

42%

State Street Funds

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

18%

State Street SSGA

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

19%

T Rowe Price Funds

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

3%

UBS Funds

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

48%

Artisan Funds

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

17%

Blackstone Funds

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

84%

Brandes Funds

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

35%

Fiera Capital Funds

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

32%

William Blair Funds

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

72%

Baillie Gifford Funds

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

29%

Eagle Capital Growth Funds

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

0%

Mondrian Funds

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

47%

GQG Partners Funds

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

57%

LSV Funds

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

37%

Ariel Funds

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

21%

Cohen & Steers Funds

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

14%

Rockefeller Funds

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

100%

Brookfield Funds

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

48%

Kayne Anderson Funds

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

29%

PENN Capital Funds

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

0%

Asset Manager Voting

Pro-ESG

21.1%

Anti-ESG

1.8%

Anti-Fossil Fuels

23%

Anti-Pollution/Waste

28%

Animal Rights

10%

DEI

22%

Weapons/Defense

15%

Human Rights

29%

Income Equality

28%

Political Speech/Lobbying Spending

26%

Health Care

13%

Race/Gender targets on Boards

31%

Non-Pecuniary

16%

ESG-Focused Governance

18%

Abortion

17%

Pro-Fossil Fuel

1%

Equality not DEI

1%

Controversial Cause Support

2%

Geopolitical Rivals/China

1%

State Voting

Pro-ESG

80.50%

Anti-ESG

0%

Anti-Fossil Fuel

82%

Anti-Pollution/Waste

96%

Animal Rights

72%

DEI

79%

Weapons/Defense

30%

Human Rights

82%

Income Equality

82%

Political Speech/Lobbying Spending

86%

Health Care

69%

Race/Gender targets on Boards

100%

Non-Pecuniary Corporate Purpose

87%

ESG-Focused Governance

78%

Abortion

60%

Pro-Fossil Fuel

0%

Equality not DEI

0%

Controversial Cause Support

0%

Geopolitical Rivals/China

0%

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