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Drilled

The Coordinated Attack on Shareholder Activism

May 18, 2024
Andrew Behar, CEO of As You Sow, discusses the surge of lawsuits against shareholder activism and the pushback faced. Topics include Exxon lawsuit, challenges in transitioning to sustainable energy, and strategies to counter anti-ESG actions.
52:55

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Quick takeaways

  • Shareholder activism is a crucial aspect of protecting protest and fundamental rights in the ESG landscape.
  • Anti-ESG campaigns aim to restrict shareholder resolutions focusing on social justice and environmental concerns, hindering progress towards responsible corporate practices.

Deep dives

ESG Investing and Shareholder Activism

ESG investing, standing for environmental, social, and governance, evaluates company risks beyond financial performance. Environmental risks to supply chains and diversity in workforces are key considerations. A backlash against ESG has emerged recently due to increased shareholder activism and Securities and Exchange Commission (SEC) initiatives for consistent climate risk reporting. Scope 3 emissions, representing emissions across supply chains, became contentious for many companies, sparking resistance.

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