Oklahoma
31 Companies Headquartered in Oklahoma
Alliance Resource Partners LP, Atwoods Ranch & Home, Bama Companies, BancFirst, Bank of Oklahoma (BOK Financial), Continental Resources, Inc., Devon Energy, Empire Petroleum Corporation, Expand Energy, First Fidelity Bank
Oklahoma Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Lower Risk |
| Discriminatory Philanthropy | Medium Risk |
| Employment Protection | Medium Risk |
Corporate Weaponization
| Criteria | Risk Level |
|---|---|
| Advocacy Bias | Lower Risk |
| Funding | Lower Risk |
| Political Actions | Medium Risk |
Corporate Governance and Public Policy
State Leadership
State Pension Fund Summary
Oklahoma has two main public pension systems: the Oklahoma Public Employees Retirement System (OPERS) and the Oklahoma Teachers’ Retirement System (OTRS).
- The OPERS board represents public employees of the state; the board consists of 13 members: 5 Ex Officio (State Treasurer, State Insurance Commissioner, Oklahoma Tax Commission, Corporate Commissioner, Director of the Office of Management and Enterprise Services); 3 appointed by the Governor; 2 appointed by the Speaker of the House of Representatives; 2 appointed by the President Pro Tempore of the Senate; 1 appointed by the Supreme Court.
- According to its 2024 Annual Comprehensive Financial Report, OPERS’ general investment consultant is Verus.
- According to a Freedom of Information Act (FOIA) request, OPERS’ asset managers mostly use GlassLewis for their proxy advisory services.
- The OTRS board represents public school teachers and employees and consists of 15 members: 5 Ex Officio (Governor, State Superintendent of Public Instruction, Director of the Office of Management and Enterprise Services, Director of the Oklahoma Department of Career and Technology Education, the State Treasurer); 1 member appointed by the Governor; 2 members appointed by the Governor and approved by the Senate; 2 members appointed by the President Pro Tempore of the Senate; 2 members appointed by the Speaker of the House of Representatives; 1 nonvoting member appointed by the Oklahoma Retired Educations Association.
- According to its 2024 Annual Comprehensive Financial Report, OTRS’ general investment consultant is Aon.
The State Treasurer serves as the chair of the Board of Investors for the Tobacco Settlement Endowment Trust (TSET, $1.66 billion fund) established to manage funds from tobacco settlements.
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 OPERS proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Oklahoma does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Oklahoma 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.