Investors Voting Against Climate Change Laggards

What is happening? Investors are opposing the election of a management-backed director at 225 U.S. companies over unhelpful climate positions. This is up from 157 companies where directors were blocked for anti-climate awareness in 2021 & 83 in 2020.

Why is this important? The investor that are voting from a climate change perspective are European investors, sustainability-oriented managers, and big U.S. institutions such as asset manager Nuveen LLC and the California Public Employees’ Retirement System.

How will this be important? Investors learned from their previous push for diversity, which was successful and are applying those tactics to climate.

Wall Street Journal | More Investors Vote Against Corporate Directors Over Climate Change