Statement in Connection with ISS’ Reply to State Treasurers Letter

ROCKVILLE, Md. (June 30, 2023) — Today, Institutional Shareholder Services Inc. (ISS) responded to a group of U.S. state treasurers and financial officers to address issues raised in their May 15 letter to proxy advisory firms including ISS. A copy of ISS’ response is available here and a spokesman’s statement in connection with ISS’ response follows below.

“In responding to the group of state treasurers and financial officers, ISS appreciates the opportunity to set the record straight on our firm’s approach to providing proxy voting advice, including advice on environmental, social, and governance (ESG) issues. As an investment adviser registered with the U.S. Securities and Exchange Commission, ISS takes pride in performing its work in a prudent, open, and honest manner, consistent with its fiduciary responsibilities, whether the matter in question involves ESG considerations or not.”

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