Asset Managers Leveraged Red State Pension Funds to Back ‘Racial Equity,’ Climate Agenda, Report Finds

Original Article By Jason Cohen At DailySignal.com:

DAILY CALLER NEWS FOUNDATION—Several asset managers leveraged Idahoans’ pension funds to support a racial and climate agenda in 2022 and 2023, according to a report from a conservative watchdog group, the American Accountability Foundation.

The Public Employee Retirement System of Idaho used six asset managers—Adelante Capital Management, AllianceBernstein, Brandes Investment Partners, Fiera Capital, Longview Partners, and Mellon Capital Management—that handled more than $5 billion of the pension system’s stock portfolio, according to its investment report.

“The people of Idaho never voted for racial equity audits or strangling American energy, yet these ESG money managers are leveraging Idaho’s pension funds to push for these policies anyway,” American Accountability Foundation President Thomas Jones said. “This is just another example of how ESG seeks to subvert the will of the American people and impose their radical agenda whether we like it or not.”

There were 153 examples of these asset managers voting in support of what the watchdog refers to as “woke” shareholder proposals using funds from the Public Employee Retirement System of Idaho. They include “racial and gender pay gap reports, efforts to defund conservative candidates and pro-business trade associations, radical climate policy, and pro-abortion initiatives,” the American Accountability Foundation said.

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