Sumary of Shareholder support for U.S. climate measures hits nearly 50% -report:
- The paper, from Institutional Shareholder Services, the largest proxy adviser, found median support for the proposals was 48.9% during the proxy season ended June 30, up from 37.6% in 2020 and 27.5% in 2019. The total number of resolutions filed rose to 84, also an increase from the prior two years, the report found.
- Once given little attention, shareholder proposals have come to dominate the agenda at many large-company annual shareholder meetings in recent years, prompting business groups in Washington to back new rules making them harder for investors to file.
- Driving the increase in support are more aggressive proxy vote patterns from large fund firms including BlackRock Inc , as investors channel more money into funds using environmental, social and governance criteria to pick stocks.