Oregon Average CBR Summary

Avg. Company Rating

Average Risk Rating: Medium

Avg. Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Lower Risk
Discriminatory Philanthropy Medium Risk
Employment Protection High Risk

Corporate Weaponization

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias Medium Risk
Funding Medium Risk
Political Actions Medium Risk

Corporate Governance and Public Policy

State Leadership

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State Pension Fund Summary

Oregon has one main public pension system: the Public Employees Retirement System (PERS). The investments of PERS are handled by the Oregon Investment Council (OIC) in the Oregon Public Employees Retirement Fund (OPERF).

  • The OIC board consists of 6 members: 2 Ex Officio (State Treasurer, Director of PERS); 4 members are appointed by the Governor.
    • The Oregon State Treasury discloses the proxy voting records for directly held equities of PERS on this website.
    • PERS uses Glass Lewis for its proxy advisory services.
    • According to an October 2024 report, the OIC’s general investment consultant is RVK.

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 PERS’ proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends PERS 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.

Pension Funds Management

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