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Ballotpedia
Ballotpedia
National
James McAllister

Texas fund adopts shareholder voting approach opposing ESG

BlackRock Institutional Shareholder Services

The Texas Permanent School Fund announced last week that it will use a new proxy voting option from Institutional Shareholder Services (ISS) referred to as the ESG skeptic option, which was developed by Bowyer Research. The move came after the fund generated headlines last month when it removed $8.5 billion from BlackRock’s asset management over the firm’s ESG policies.

Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance (ESG) investing movement. To learn more about arguments for, against, and about ESG, click here. For more information on reform proposals related to ESG policy, click here.

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