• Gustavo Bernal Torres

While Criticizing ESG Investing, Florida, Texas Public Pensions Have Overwhelmingly Supported ESG

On average, public pension plans voted 90% of the time in favor of ESG shareholder resolutions, while ESG-focused funds averaged 85%.

  • Public pension funds from Florida and Texas, two states that have vocally criticized sustainable investing in recent months, have overwhelmingly voted for sustainable-investing practices in the past, new research from Morningstar has shown.

  • In 2021, the Florida Retirement System voted 99% of the time for ESG resolutions. The Teacher Retirement System voted 97% of the time for ESG resolutions, and the Employees Retirement System of Texas voted in favor 85% of the time.

Source: https://www.morningstar.com/articles/1113157/while-criticizing-esg-investing-florida-texas-public-pensions-have-overwhelmingly-supported-esg-resolutions-morningstar-study-says


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