Members of the IOA

The Investors for Opioid Accountability (IOA)

The IOA, a diverse coalition of 54 members representing treasurers, publicly elected comptrollers, asset managers, faith-based, public and labor funds with over $3.5 trillion in assets under management, was established in July 2017 out of heightened concerns that opioid company risks may threaten shareholder value and have profound long-term implications for the economy and society.  

Since inception, IOA members, through their equity ownership have engaged in dialogue and the filing of shareholder resolutions with opioid manufacturers, distributors and retail pharmacies.  The IOA drew upon the success that the Teamsters and several state treasurers had with McKesson in securing a board risk report on opioids and separating the Chair and CEO.  The IOA also drew on the long-standing history of corporate engagement between the faith-based investor community and pharmaceutical companies on drug pricing risks.

These corporate engagements have informed the IOA’s views on best corporate governance practices that strengthen corporate culture, board accountability, compensation incentives and risk mitigation; all important governance practices that we have identified as part of our root cause assessment related to the crisis and central to strengthening boards going forward.


 Current Member List

Aberdeen Standard

Adrian Dominican Sisters

Aegon Asset Management

Æquo Shareholder Engagement Services

American Federation of Teachers Pension Plan

Aquinas Association

Bailard, Inc.

Benedictine Coalition for Responsible Investment

Bon Secours Mercy Health

Boston Common Asset Management

Bricklayers & Trowel Trades International Pension Funds

California State Teachers’ Retirement System

California State Treasurer’s Office

Calvert Research and Management

Catholic Health Initiatives

CTW Investment Group

City of Philadelphia Public Employees’ Retirement System

Congregation of St. Joseph

Connecticut State Treasurer’s Office

Daughters of Charity, Province of St. Louise

Dignity Health

Diocese of Springfield, IL

Domini Impact Investments

Dominican Sisters of Springfield, IL

Guidestone Financial Resources of the Southern Baptist Convention

Hermes Equity Ownership Services

Illinois State Treasurer’s Office

Interfaith Center on Corporate Responsibility

International Brotherhood of Teamsters

JLens Investor Network

Mercy Investment Services

NEI Investments

Neuberger Berman

New York State Common Retirement Fund

Northwest Coalition for Responsible Investment

OIP Trust / Missionary Oblates

Office of the New York City Comptroller

Pennsylvania State Treasurer’s Office

Region VI Coalition for Responsible Investment

Rhode Island State Treasurer’s

Office School Employees Retirement System of Ohio

Segal Marco Advisors

Seventh Generation Interfaith Coalition for Responsible Investment

Sisters of St. Francis of Philadelphia

The Socially Responsive Investing Group of 1919 Investment Counsel

Socially Responsible Investment Coalition

Trinity Health

UAW Retiree Medical Benefits Trust

United Church Funds

Vermont State Treasurer’s Office

Walden Asset Management

Wespath Benefits and Investments

West Virginia State Treasurer’s Office

Zevin Asset Management, LLC




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