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Resolutions on environmental risks see sharp decrease in support from asset managers, report finds
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.
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