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In the investing world, spring is known as "proxy season." That's because most major companies hold their annual meetings between April and June, and at those events shareholders vote (often remotely, i.e...
One thing that is somewhat remarkable about this proxy season is that votes in favor of environmental, social, and governance resolutions were higher than they've ever been.
For years, the Chamber of Commerce and the big trade associations have been pushing to limit the filing of shareholder resolutions precisely because they have been such an effective tool in engaging with companies.
More and more shareholders are understanding how fundamentally important environmental, social, and governance issues are to the sustainability of companies.
The irony is that at the very time you're seeing record support for environmental, social, and governance resolutions, you have these new rule changes going into effect.
If we do have to comply with the new rule changes for the coming proxy season, it will significantly limit the resolutions that our members are able to file.
Right now [sustainability comparisons] are all over the map because the data that's coming out of the companies is all over the map.
My view is there's comparatively little climate disclosure in periodic reports.