In Charts: Asset manager support for ESG shareholder resolutions slumps in 2023

BlackRock’s US headquarters. One of the ‘big four’ asset managers, along with Vanguard, Fidelity Investments and State Street Global Advisors, BlackRock has criticised “the poor quality of many shareholder proposals” (Photo: Michael Nagle/Bloomberg)

The proportion of environmental and social shareholder resolutions that get passed has fallen steadily since 2021

Non-profit ShareAction says just 3 per cent of environmental and social shareholder resolutions from 2023 that it has reviewed received majority backing, compared to 21 per cent of resolutions in 2021 and ...

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