THE DAILY CALLER: Asset managers have repeatedly leveraged Nevadans’ pension funds to push for racial equity initiatives and climate-related proposals within publicly traded companies since 2022, according to a report from conservative watchdog group American Accountability Foundation (AAF).
Nevada Public Employee Retirement System (NVPERS) enlists the services of asset managers including BlackRock, AllianceBernstein, Mellon Capital and State Street Global Advisors (SSGA), who collectively manage over $30 billion of NVPERS’ stock portfolio. However, these asset managers have used Nevada pension funds to back environmental, social and governance (ESG) shareholder resolutions on various issues related to race, gender and climate, according to documents AAF obtained through a public records request.