Hawaii
3 Companies Headquartered in Hawaii
Hawaii Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Medium Risk |
| Discriminatory Philanthropy | Lower Risk |
| Employment Protection | Medium Risk |
Corporate Weaponization
| Criteria | Risk Level |
|---|---|
| Advocacy Bias | Medium Risk |
| Funding | Medium Risk |
| Political Actions | Medium Risk |
Corporate Governance and Public Policy
State Leadership
State Pension Fund Summary
Hawaii has one main public pension system: the Employees’ Retirement System (ERS) of the State of Hawaii.
- The ERS board represents all eligible full-time and part-time State and county employees in Hawaii as well as their beneficiaries and consists of 8 members: 1 Ex Officio (State Director of Finance); 3 appointed by the Governor (at least one officer of a bank); 4 elected by members (2 general employees, a teacher, and retiree).
- According to a 2024 document, the ERS’s general investment consultant is Meketa.
- According to a Freedom of Information Act (FOIA) request, the ERS uses Glass Lewis for its proxy advisory services.
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 ERS’ proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Hawaii does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Hawaii 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.