You can't get majority votes unless you have mainstream mutual fund support. So when BlackRock and others of its ill started supporting climate disclosure, the votes went up. In this year, there was a pretty important campaign from the New York City Comptroller asking companies to release EEO1 data. And interestingly, at Tesla, which just released its voting results today, the mandatory arbitration proposal got 46.4%.
The 2021 proxy season brought a new level of shareholder support for key ESG-related themes ranging from climate change to diversity disclosures.
In this episode of ESG Insider, we talk to Sustainable Investments Institute founding executive director Heidi Welsh.
“We've entered a whole new era” of shareholder support for ESG issues, Heidi tells us.
“Investors want more information on climate change, on diversity and inclusion, on corporate political influence,” she says.
For additional information about the 2021 proxy season, listen to our episode on the implications of shareholders' ouster of several Exxon Mobil board members: https://podcasts.apple.com/us/podcast/exxon-board-ouster-over-climate-change-has-big-implications/id1475521006?i=1000524283710
And you can also find all our coverage of COP26 at http://spglobal.com/cop26
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