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September 14, 2023

In Charts: Gap narrows between support for environmental and social US corporate resolutions

Morningstar reported that among the environmental resolutions, the number of proposals targeting climate change and greenhouse gas emissions dropped to 10 from 15 last year. (Photo: Michael Nagle/Bloomberg)
Morningstar reported that among the environmental resolutions, the number of proposals targeting climate change and greenhouse gas emissions dropped to 10 from 15 last year. (Photo: Michael Nagle/Bloomberg)

Social issues, especially companies’ political activities, were dominant in the 2023 voting season, Morningstar reports. Meanwhile, despite a rise in environmental and social resolutions, average support for both was down on 2022

The gap between US companies’ support for “key” environmental shareholder resolutions and that for their social equivalent is closing, according to Morningstar, where such key resolutions are those supported by at least 40 per cent of a company’s independent shareholders.

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