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California State Teachers' Retirement System CalSTRS

PRI reporting framework 2018

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 21. Percentage of (proxy) votes cast

21.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

100 %

Specify the basis on which this percentage is calculated

21.2. Explain your reason(s) for not voting certain holdings

21.3. Additional information. [Optional]


LEA 22. Proportion of ballot items that were for/against/abstentions

22.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

22.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
59 %
Against (opposing) management recommendations
41 %
Abstentions
0 %
100%

22.3. Describe the actions you take in relation to voting against management recommendations.

          In some cases we reach out to the company.
        

22.4. Additional information. [Optional]


LEA 23. Shareholder resolutions

New selection options have been added to this indicator. Please review your prefilled responses carefully.

23.1. Indicate if your organisation directly or via a service provider filed or co-filed any ESG shareholder resolutions during the reporting year.

23.2. Indicate the number of ESG shareholder resolutions you filed or co-filed.

2 Total number

23.3. Indicate what percentage of these ESG shareholder resolutions resulted in the following.

Went to vote

0 %
Were withdrawn due to changes at the company and/or negotiations with the company
100 %
Were withdrawn for other reasons
0 %
Were rejected/not acknowledged by the company
0 %
Total 100%

23.4. Of the ESG shareholder resolutions that you filed or co-filed and that were put to vote (i.e. not withdrawn) how many received:

>50%
50-20%
<20%

23.5. Describe the ESG shareholder resolutions that you filed or co-filed and the outcomes achieved.

https://www.calstrs.com/sites/main/files/file-attachments/green_report_2017.pdf

https://www.calstrs.com/report/corporate-governance-annual-report

 

Information on engagement is provided in the two reports above. 

23.6. Describe whether your organisation reviews ESG shareholder resolutions filed by other investors.

We review all ESG SHP's that go to a vote during our proxy voting process. 

23.7. Additional information. [Optional]


LEA 24. Examples of (proxy) voting activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

24.1. Provide examples of the (proxy) voting activities that your organisation and/or service provider carried out during the reporting year.

ESG Factors
ESG issue
          Voted our proxy at Exxon
        
Conducted by
Objectives

Communicate to the company on specific ESG risks and on the proxy. 

Scope and Process

1. Communicate to company

2. Assess current disclosure by company

3. Vote proxy at company

https://viewpoint.glasslewis.net/GlassLewisWebDisclosure/webdisclosure/search.aspx?glpcustuserid=CAL090&WDFundGroupID=1303

4. Engage company on issues that have not adequately been met or disclosed. 

 

Outcomes

Voted FOR certain SHP's at Exxon. 

https://viewpoint.glasslewis.net/GlassLewisWebDisclosure/webdisclosure/search.aspx?glpcustuserid=CAL090&WDFundGroupID=1303

 

Met with company and discussed SHP's and current disclosure status. 

24.2. Additional information. [Optional]

For more information on CalSTRS Proxy Voting activites please visit our Corporate Governance annual report:

https://www.calstrs.com/report/corporate-governance-annual-report

 


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