Arizonans’ pension funds have repeatedly been leveraged to forward racial and climate-related resolutions at publicly traded companies, according to a report from conservative watchdog group American Accountability Foundation (AAF).
Arizona State Retirement System (ASRS) used Arizonans’ pension funds to back environmental, social and governance (ESG) shareholder resolutions on issues including race, gender, climate and politics, according to documents AAF obtained through a public records request. ASRS utilizes proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis, who have each expressed support for ESG initiatives.
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