Responsible Investor is anonymously asking stewardship professionals at European managers for input on the number and quality of sustainability-focused requests at corporates.
Data from Sustainable Investments Institute (Sii) shows proportion of resolutions withdrawn drops to below a third for the first time in seven proxy seasons.
Investors pre-declaring voting intentions instinctively feels like a positive move, but there could be risks of unintended consequences if not done in a consistent way.
Signs of a slight bounce on environmental and social requests; negligible support for anti-ESG proposals falls further; growing interest in governance issues.
As final rule rows back significantly on corporate emissions disclosures, big investors express cautious optimism, while others, including SEC commissioner Crenshaw, lament what could have been.
Development of sustainability disclosure standards has forced investors to ‘take a good hard look’ at what is feasible, Morningstar’s Lindsey Stewart tells RI.
Former SEC lawyer Kurt Gottschall tells RI that a change in government would bring ‘significant pressure to wipe the climate disclosure rule off the books’.