Alaska
2 Companies Headquartered in Alaska
Alaska Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Lower Risk |
| Discriminatory Philanthropy | Lower Risk |
| Employment Protection | Medium Risk |
Corporate Weaponization
| Criteria | Risk Level |
|---|---|
| Advocacy Bias | Lower Risk |
| Funding | Lower Risk |
| Political Actions | Lower Risk |
Corporate Governance and Public Policy
State Leadership
State Pension Fund Summary
Alaska has two main public pension systems: the Public Employees’ Retirement System (PERS) and the Teachers’ Retirement System (TRS). Alaska’s Division of Retirement and Benefits (DRB) administers pension benefits but the Alaska Retirement Management Board (ARMB) oversees the investment of the funds.
- The ARMB represents all eligible public employees and its board consists of 9 members: 2 Ex Officio (Commissioner of Administration; Commissioner of Revenue); 2 trustees who are members of the general public; 1 trustee who is employed as a finance officer for a political subdivision participating in either the PERS or TRS system; 2 trustees who are members of PERS; 2 trustees who are members of TRS.
- According to a 2025 report, the ARMB’s investment consultant is Callan.
- Alaska also operates the Alaska Permanent Fund Corporation (APFC), the state’s sovereign wealth fund established in 1976 and managed by a quasi-independent state entity created by the Legislature in 1980. As of September 30, 2025, the Fund’s total value stood at approximately $91.2 billion.
- The APFC Board of Trustees consists of six members appointed by the governor: two must be heads of principal departments of state government, one of whom must be the Commissioner of Revenue, and four are appointed from the general public and may not hold any other state or federal office or employment. The four public members must have recognized competence and wide experience in finance, investments, or other business management-related fields, and the Board annually elects a Chair from among its members.
- Like the pension funds above, the APFC holds public equities, making its proxy voting record a relevant indicator of how Alaska leverages its sovereign wealth in support of or against ESG principles.
- Note: The data below on state voting does not include the votes cast through the public equities of Alaska’s Sovereign Wealth Fund.
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 the state’s proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Alaska does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Alaska to publish its proxy voting records instead of keeping its pensioners in the dark about how the state votes on ESG issues with their money.
Both tables are important to show a comprehensive picture of the state’s proxy voting record.