BOSTON, September 15 (Hfrance.fr) - Support for shareholders 'resolutions linked to the climate inUS businesses have grown significantly this year, according to a report released Wednesday, as investors focused on the economy's threats posed by global warming.
The document, from Institutional Shareholder Services, the largest proxy advisor, found that median support for proposals was 48.9% during the proxy season ended on 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 previous two years, according to the report .
Popular themes for shareholder climate resolutions this year included aligning emissions with Paris Agreement targets, greenhouse gas emissions from companies and
"The US proxy voting seas in 2021 on marked an escalation of engagement of shareholders on climate-related issues and an expansion of investor voting approaches, "said Georgina Marshall, global head of research at ISS, in a statement.
The figures were in line with earlier data showing growing support for climate action. [nL2N2NJ20L] Previously, shareholder proposals have dominated the agendas of many large company annual shareholder meetings in recent years, prompting Washington business groups to support new rules, this which makes them more difficult for investors to file.
The more aggressive proxy voting models of large fund companies, including BlackRock Inc. (BLK.N) , as investors channel more money in funds using environmental, social and governance criteria to select stocks.
BlackRock ha said in July that it had voted against 10 % of CEOs this year, up from 8.5% the year before. [nL1N2OV00X] Report by Ross Kerber; Edited by Steve Orlofsky
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