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Washington

Washington has one main public pension administrator, the Department of Retirement Systems (DRS). The Washington State Investment Board (WSIB) oversees the assets of the DRS.

  • The WSIB board consists of 15 members: 3 Ex Officio members (State Treasurer, DRS Director, L&I Director); 1 member of the Senate; 1 member of the House; 5 representatives of the pension systems; 5 non-voting members.
    • The WSIB 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 WRS’ proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends WRS for publicly disclosing this information online for its pensioners.

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

By Asset Manager

BlackRock Funds

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

7%

Evercore Funds

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

38%

Goldman Sachs Funds

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

6%

UBS Funds

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

48%

Virtus Funds

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

47%

RBC Funds

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

37%

Credit Suisse Funds

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

0%

Asset Manager Voting

Pro-ESG

11.8%

Anti-ESG

0.8%

Anti-Fossil Fuels

16%

Anti-Pollution/Waste

15%

Animal Rights

7%

DEI

13%

Weapons/Defense

9%

Human Rights

16%

Income Equality

15%

Political Speech/Lobbying Spending

17%

Health Care

7%

Race/Gender targets on Board

17%

Non-Pecuniary Corporate Purpose

5%

ESG-Focused Governance

7%

Abortion

7%

Pro-Fossil Fuel

1%

Equality not DEI

1%

Controversial Cause Support

2%

Geopolitical Rivals/China

1%

State Voting

Pro-ESG

43%

Anti-ESG

0%

Anti-Fossil Fuels

27%

Anti-Pollution/Waste

30%

Animal Rights

0%

DEI

52%

Weapons/Defense

20%

Human Rights

62%

Income Equality

38%

Political Speech/Lobbying Spending

69%

Health Care

15%

Race/Gender targets on Boards

100%

Non-Pecuniary Corporate Purpose

86%

ESG-Focused Governance

22%

Abortion

0%

Pro-Fossil Fuel

0%

Equality not DEI

0%

Controversial Cause Support

0%

Geopolitical Rivals/China

0%

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