Wyoming
4 Companies Headquartered in Wyoming
Wyoming Average CBR Summary
Avg. Company Rating
Avg. Rating Criteria
| Criteria | Risk Level |
|---|---|
| Cancellations | Lower Risk |
| Discriminatory Philanthropy | No Data |
| Employment Protection | Medium Risk |
Corporate Weaponization
| Criteria | Risk Level |
|---|---|
| Advocacy Bias | Lower Risk |
| Funding | Lower Risk |
| Political Actions | No Data |
Corporate Governance and Public Policy
State Leadership
State Pension Fund Summary
Wyoming has one main public pension administrator: the Wyoming Retirement System (WRS).
- The WRS board represents all state and local public employees and consists of 11 members: 1 Ex Officio (State Treasurer); 10 appointed by the Governor (5 representing the community, 2 representing public employees, 1 representing higher education, 1 representing public schools, and 1 representing retirees).
- According to its 2024 Annual Comprehensive Financial Report, the WRS’ general investment consultant is Meketa.
- Wyoming operates the Permanent Wyoming Mineral Trust Fund (PWMTF), the state’s constitutional sovereign wealth fund, established in 1975 by constitutional amendment (Article 15, Section 19, approved by voters in 1974) and funded by a 1.5 percent severance tax on minerals, with a corpus that “shall remain inviolate”. The fund is managed by the Wyoming State Treasurer, whose office invests $34 billion for the State of Wyoming, with oversight from the State Loan and Investment Board. As of June 2025, the PWMTF had a reported value of $11,908,783,257, the largest fund in the state’s portfolio.
- The State Loan and Investment Board (SLIB) is composed of the Governor, Secretary of State, State Auditor, State Treasurer, and Superintendent of Public Instruction — Wyoming’s five statewide elected officials. Day-to-day investment of the PWMTF is carried out through the State Treasurer’s Office.
- Like the pension funds above, the PWMTF holds public equities — under W.S. 9-4-716(e), the permanent funds’ overall risk profile may not materially exceed a reference portfolio of seventy percent (70%) global equities and thirty percent (30%) domestic fixed income — making its proxy voting record a relevant indicator of how Wyoming leverages its sovereign wealth in support of or against ESG principles.
- Note: The data below on state voting does not include the votes cast through the public equities of Wyoming’s Sovereign Wealth Fund.
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 WRS’ proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Wyoming does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Wyoming 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.