Rhode Island
14 Companies Headquartered in Rhode Island
Amica Mutual Insurance, Bally’s Corporation, Blue Cross & Blue Shield of Rhode Island, Citizens Financial, CVS Health, FM Global, Gilbane Building Company, Hasbro, KVH, Marsella Development
Rhode Island Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Medium Risk |
| Discriminatory Philanthropy | High Risk |
| Employment Protection | High 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
Rhode Island has one main public pension system: The Rhode Island Employees’ Retirement System (ERSRI). The investments of the ERSRI are overseen by the Rhode Island State Investment Commission (SIC).
- The SIC board consists of 10 members: 3 Ex Officio (State Treasurer, Director of Administration, Executive Director of the state retirement board); 1 active or retired teacher, state, or municipal employee member of the retirement system or official from the teacher, state, or municipal employee unions to be appointed by the general treasurer; 3 members of the general public to be appointed by the general treasurer; 3 members of the general public to be appointed by the governor.
- The Rhode Island Treasury discloses its proxy voting records for directly held equities on this website.
- The ERSRI uses ISS for its proxy advisory services.
- According to its 2024 Annual Comprehensive Financial Report, the ERSRI’s general investment consultant is NEPC.
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 ERSRI’s proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends ERSI 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.