Tennessee
58 Companies Headquartered in Tennessee
Acadia Healthcare, AllianceBernstein, Ardent Health, Astec Industries, Asurion, AutoZone, B&H Publishing Group, Baker Donelson, Bass, Berry & Sims, BlueCross BlueShield of Tennessee
Tennessee Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Medium Risk |
| Discriminatory Philanthropy | Medium 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
Tennessee has one main public pension system: The Tennessee Consolidated Retirement System (TCRS).
- The TCRS board represents all eligible state and local employees and consists of 20 members: 9 Ex Officio (State Treasurer, Director of TCRS, Chair of the Legislative Council on Pensions and Insurance, Vice-Chair of the Legislative Council on Pensions and Insurance, Commissioner of Human Resources, Commissioner of Finance and Administration, Comptroller of the Treasury, Secretary of State, Administrative Director of the Courts); 2 appointed by the Governor; 3 teachers appointed by the Speaker of the Senate and the Speaker of the House of Representatives; 1 retired teacher appointed by the Speaker of the Senate and the Speaker of the House of Representatives; 1 appointed by the Tennessee County Services Association; 1 appointed by the Tennessee Municipal League; 1 appointed by the Tennessee County Officials Association.
- According to its 2024 Annual Comprehensive Financial Report, the TCRS’ general investment consultant is Verus.
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 TCRS’ proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Tennessee does not publicly disclose this information to its pensioners]. The 1792 Exchange encourages Tennessee 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.