Utah
42 Companies Headquartered in Utah
Academic Innovations, AF Connect Fiber, America First Credit Union, Ancestry.com, Beyond, Inc., bioMerieux, Boostability, Boss Retirement, Brex, Bridge Investment Group
Utah 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 | Medium Risk |
| Funding | Lower Risk |
| Political Actions | Medium Risk |
Corporate Governance and Public Policy
State Leadership
State Pension Fund Summary
Utah has one main public pension system: the Utah Retirement System (URS).
- The URS board represents eligible public state and local employees and consists of 7 members: 4 appointed by the Governor, the State Treasurer, 1 school employee appointed by the Governor, and 1 public employee appointed by the Governor.
- URS uses Glass Lewis for its proxy advisory services.
- According to its 2023 Annual Comprehensive Financial Report, the URS’ general investment consultant is Callan.
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.
Utah does not disclose its proxy voting records for directly owned securities through pension fund portfolios and refused to comply with a FOIA request for this information. The 1792 Exchange encourages Utah 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.