Established in 1935, OPERS provides pension benefits and health care coverage to retired public employees in Ohio. OPERS is not part of state government. It is governed by the OPERS Board of Trustees – 11 non-paid volunteers – that is responsible for its administration and management. OPERS' membership includes employees from about 3,700 employers. Its members work for Ohio's state government as well as its cities, counties, townships, universities, colleges, libraries, transit authorities, housing authorities and public hospitals. The financial institution maintains separate investment plans for three retirement funds, defined benefit, health care and defined contribution.
In terms of its approach to senior leadership accountability, OPERS has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. OPERS could disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that OPERS discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it could disclose the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that OPERS has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Therefore, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. It also has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, OPERS could disclose the amount of finance directed towards low-income developing countries.
More about the company
United States of America
Net income: USD 21 billion; Total assets: USD 135 billion