ASSET managers gave record-low backing to proposals at shareholder meetings addressing environmental and human rights risks, new analysis finds today

ShareAction, a charity which campaigns for responsible investment, found that only 1.4 per cent of such resolutions received majority support, a sharp decrease from 21 per cent in 2021.

Researchers said that in 2024, four of the largest asset managers — BlackRock, Fidelity Investments, State Street Global Advisors and Vanguard — voted against shareholder proposals aimed at protecting human rights and the environment.