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New York

New York has two main public pension funds:

  • The NYLRS board represents public employees, police officers, and firefighters; the board consists of 1 member – the New York State Comptroller.
  •  The New York State Common Retirement Fund administers the NYLRS funds and discloses its proxy voting records on this website; 2022 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, and the State Comptroller or a designee.
  • The NYSTRS discloses its specific proxy voting records on 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

68.25%

State Voting Average

9.26%

State Rank

29th

State Rank

16th

Asset Manager Average

40%

Asset Manager Average

6%

By Asset Manager

AQR Capital Management, LLC

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

80%

Ariel Investments, LLC

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

79%

Artisan Partners

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

73%

BlackRock

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

37%

Blackstone

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

38%

Brandes Investment Partners

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

38%

Brookfield Asset Management

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

38%

Brown Advisory

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

38%

Cohen & Steers Capital Management, Inc.

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

39%

Dimensional Fund Advisors, Inc.

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

31%

Eagle Capital Management, LLC

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

31%

Franklin Templeton

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

38%

Goldman Sachs Asset Management

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

37%

GQG Partners

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

37%

Harding-Loevner, LP

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

37%

Invesco Advisors

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

40%

JP Morgan Asset Management

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

41%

LSV Asset Management

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

41%

Mondrian Investment Partners

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

41%

Morgan Stanley

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

42%

Nuveen Real Estate

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

42%

PGIM Quantitative Solutions, LLC

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

42%

State Street Funds

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

42%

State Street Global Advisors

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

42%

T. Rowe Price Associates, Inc.

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

40%

UBS

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

40%

William Blair Investment Management, LLC

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

40%

Kayne Anderson ISC

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

40%

Acadian Asset Management

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

40%

Baillie Gifford

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

40%

Fiera

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

40%

Penn Capital

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

40%

Horizon

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

40%

Mercer

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

40%

Rockefeller

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

40%

Asset Manager Voting

Board Diversity:

29%

Require Environmental/Social Qualifications:

5%

Establish Environmental/Social Committee:

16%

Link Executive Pay to Social Goals:

14%

Climate Change:

38%

GHG Emissions:

42%

Climate Change Action:

16%

Report on Healthcare/Abortion:

26%

Weapons-Related Proposals:

8%

Social Proposal:

20%

Income Inequality:

7%

Political Activities and Action:

7%

Political Contributions and Lobbying:

35%

Political Lobbying Disclosure:

42%

Racial Equity Audit:

43%

Management Environmental Proposals:

76%

Anti-Social:

5%

Charitable Contributions:

8%

State Voting

Board Diversity:

83.4%

Require Environmental/Social Qualifications:

100.0%

Establish Environmental/Social Committee:

50.0%

Link Executive Pay to Social Goals:

100.0%

Climate Change:

77.5%

GHG Emissions:

100.0%

Report on Healthcare/Abortion:

100.0%

Weapons-Related Proposals:

75.0%

Social Proposal:

83.2%

Income Inequality:

70.8%

Political Activities and Action:

76.3%

Political Contributions and Lobbying:

90.0%

Political Contributions and Lobbying:

86.3%

Racial Equity Audit:

73.4%

Management Environmental Proposals:

100.0%

Anti-Social:

15.7%

Charitable Contributions:

8.9%

**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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