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West Virginia

West Virginia has one main public pension fund administrator.

The Consolidated Retirement Board (CRB) represents all public state employees and the 10 pension funds of the state; the board consists of 13 members: 3 Ex Officio (Governor, State Auditor, State Treasurer); 10 appointed by the Governor and confirmed by the Senate.
The Investment Management Board manages the assets of the CRB. It consists of 13 members: 3 ex officio (the Governor, the Auditor and the Treasurer) and 10 are appointed by the Governor with the advice and consent of the West Virginia Senate. Of the remaining 10 appointees, 1 must be an attorney, 1 must be a certified public accountant (CPA) and all must have experience in pension management, institutional management or financial markets. No more than 6 of the 10 appointed trustees may be from the same political party.

Averages

Pro-ESG

Anti-ESG

State Rank

22nd

State Rank (Anti-ESG):

16th

Asset Manager Average

39%

Asset Manager Average (Anti-ESG):

By Asset Manager

BlackRock

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

30%

Invesco Advisors

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

38%

UBS

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

39%

Asset Manager Voting

Board Diversity:

22%

Require Environmental/Social Qualifications:

Establish Environmental/Social Committee:

Link Executive Pay to Social Goals:

Climate Change:

33%

GHG Emissions:

32%

Climate Change Action:

13%

Report on Healthcare/Abortion:

17%

Weapons-Related Proposals:

Social Proposal:

Income Inequality:

Political Activities and Action:

Political Contributions and Lobbying:

24%

Political Lobbying Disclosure:

40%

Racial Equity Audit:

59%

Management Environmental Proposals:

97%

Anti-Social (Anti-ESG):

Charitable Contributions:

**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.