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Virginia

Virginia has one main public pension fund administrator:

The VRS board represents public sector employees and consists of 9 members: 5 appointed by the Governor and confirmed by the General Assembly; 4 appointed by the Joint Rules Committee and confirmed by the General Assembly.

Averages

Pro-ESG

Anti-ESG

State Rank

33rd

State Rank (Anti-ESG):

30th

Asset Manager Average

43%

Asset Manager Average (Anti-ESG):

5%

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%

BlackRock

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

37%

Blackstone

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

38%

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%

Morgan Stanley

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

42%

PGIM Quantitative Solutions, LLC

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

42%

Acadian Asset Management

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

43%

Baillie Gifford

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

43%

Asset Manager Voting

Board Diversity:

31%

Require Environmental/Social Qualifications:

4%

Establish Environmental/Social Committee:

15%

Link Executive Pay to Social Goals:

20%

Climate Change:

35%

GHG Emissions:

39%

Climate Change Action:

15%

Report on Healthcare/Abortion:

21%

Weapons-Related Proposals:

9%

Social Proposal:

27%

Income Inequality:

16%

Political Activities and Action:

6%

Political Contributions and Lobbying:

29%

Political Lobbying Disclosure:

47%

Racial Equity Audit:

53%

Management Environmental Proposals:

89%

Anti-Social (Anti-ESG):

4%

Charitable Contributions:

6%

**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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