ESG Enthusiasm Wanes with U.S. Shareholders

Support for environmental and social proposals from shareholders of U.S. companies at their annual general meetings remained roughly the same as last year’s proxy season and well below the 2021 season peak ESG enthusiasm. While the number of overall ESG proposals submitted by shareholders ahead of AGMs is rising, thanks to social and governance resolutions, support for environment-related proposals hasn’t moved much higher over the past two years. This proxy season, only two environmental proposals received majority support at AGMs,…