Wisconsin Average CBR Summary

Avg. Company Rating

Average Risk Rating: Medium

Avg. Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Medium 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

Wisconsin has one main public pension fund administrator: the Wisconsin Retirement System (WRS). The State of Wisconsin Investment Board (SWIB) is manages the assets of the WRS.

  • SWIB consists of 9 members: 2 Ex Officio (Secretary of the Department of Administration, Secretary of the Department of Employee Trust Funds); 7 appointed by the Governor and confirmed by the Senate.
    • SWIB discloses its proxy voting records for directly held equities on this website.
    • SWIB uses ISS for its proxy advisory services.
    • SWIB does not disclose the identity of its general investment consultant in its 2023 Annual Report.

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