Louisianans’ pension funds have frequently been used to advance climate-related proposals within publicly traded companies, according to a report from conservative watchdog group American Accountability Foundation (AAF).
The Louisiana State Employees’ Retirement System (LASERS) utilizes Institutional Shareholder Services (ISS), a massive proxy advisory firm that is a proponent of environmental, social and governance (ESG) agendas. Despite Louisiana’s status as a leading oil-producing state, LASERS’ pension funds have backed ESG shareholder resolutions focusing on climate issues, specifically targeting fossil fuels and carbon, according to documents AAF obtained through a public records request. (RELATED: Wall Street Does Damage Control After GOP Targets Woke Capital)
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