Most U.S. Public Pensions Underuse Proxy Voting to Manage Climate Risk, New Report Finds
Sierra Club’s third-annual report, “The Hidden Risk in State Pensions: Analyzing U.S. Public Pensions’ Responses to the Climate Crisis in Proxy Voting”, reveals that most public pensions continue to fail to adequately manage the climate-related financial risks to their investments through proxy voting, putting their long-term portfolio values at risk and undermining the retirement security of millions of public-sector workers. The report analyzes the proxy voting guidelines, 2025 proxy voting records, and voting transparency of 33 of the largest and...
