US companies face less pressure for climate and social reforms

"Their attorneys and compliance people would be saying, 'let's be a little more cautious this year'," Behar said.State Street Global Advisors' global head of asset stewardship Benjamin Colton said via email that while companies have become more transparent, there have been more of what he called "overly prescriptive proposals."

"These dynamics have led to an overall decline in investor support for environment and social shareholder proposals," Colton said.Both have previously said they vote on a case-by-case basis and noted an increasing number of proposals affect support rates. Average support for resolutions filed by investors opposed to ESG fell to 6% from 9%, such as one from the free-market National Center for Public Policy Research calling for IBMScott Shepard, a director at National Center, said its resolutions still help demonstrate what he called the "partisanship" of top asset managers. Many now realize they need to take into account risks like pushing for decarbonization before new technologies are ready, he added.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

ConsenSys Faces Shareholder Vote Over Controversial Transfer of Company AssetsEx-ConsenSys staffer: “[What] keeps me going is that, at the core.. this is the blockchain story. If this were a DAO or something on-chain, this kind of shadow accounting, the legal arbitrage that companies always do to people, would not have happened.”
La source: CoinDesk - 🏆 291. / 63 Lire la suite »