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South Carolina

South Carolina has one main public pension fund administrator:

  • The PEBA board administers pension benefits for nearly all state retirement systems; the board consists of 11 members: 3 appointed by the Governor; 2 appointed by the President of the Senate; 2 appointed by the Chairman of the Senate Finance Committee; 2 appointed by the Speaker of the House of Representatives; 2 appointed by the Chairman of the House Ways and Means Committee.

Averages

Pro-ESG

Anti-ESG

State Rank

12th

State Rank (Anti-ESG):

32nd

Asset Manager Average

35%

Asset Manager Average (Anti-ESG):

5%

By Asset Manager

BlackRock

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

30%

Goldman Sachs Asset Management

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

31%

Morgan Stanley

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

33%

State Street Funds

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

35%

Asset Manager Voting

Board Diversity:

21%

Require Environmental/Social Qualifications:

0%

Establish Environmental/Social Committee:

3%

Link Executive Pay to Social Goals:

0%

Climate Change:

31%

GHG Emissions:

39%

Climate Change Action:

29%

Report on Healthcare/Abortion:

10%

Weapons-Related Proposals:

4%

Social Proposal:

12%

Income Inequality:

8%

Political Activities and Action:

4%

Political Contributions and Lobbying:

13%

Political Lobbying Disclosure:

28%

Racial Equity Audit:

43%

Management Environmental Proposals:

96%

Anti-Social (Anti-ESG):

3%

Charitable Contributions:

7%

**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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