First comprehensive look at anti-ESG legislative campaign finds massive backlash
In a new report released earlier this week, Morningstar found that Vanguard’s support for ESG resolutions is half that of its rivals BlackRock and State Street. Morningstar examined 100 “key” resolutions at S&P 100 companies filed over a two-year period ending on March 31, 2023. Morningstar defined a “key” resolution as one that is supported by at least 40% of a company’s independent shareholders.
As insurers abandon communities facing rising climate threats from the Gulf Coast to California, fears of an uninsurability crisis in the US are growing.
CA & NY – Ahead of Toyota’s Annual General Meeting (AGM) later this month, two of the nation’s largest pension systems – California Public Employees' Retirement System (CalPERS) and the Office of the New York City Comptroller – just voted against the re-election of Toyota Chairman Akio Toyoda and in support of a resolution urging Toyota to improve disclosure of its lobbying on climate change.
Proposal receives 10% support from investors, the highest of all shareholder resolutions filed at the asset manager this year
Sierra Club calls it a ‘disappointing season for investor accountability on Wall Street’s climate promises’
35% of shareholders call on bank to publish transition plan to align financing with 2030 emissions reduction targets, the highest vote total yet among similar resolutions at big US banks this year
Wednesday 5/3 12pm ET: How shareholder action can advance corporate responsibility
As shareholders vote on climate proposals, advocacy groups draw attention to bank’s continued financing of fossil fuels despite its climate pledges