The 2021 Proxy Season is coming to a close, and early reviews are proving positive for ESG issues. Similar to last year, climate change, diversity, and corporate political spending were the most active topics. According to Proxy Preview, this year’s record 34 majority votes thus far has greatly outpaced last year’s 21 majority votes. We are also seeing a strong increase in the level of those majority votes. So far, six votes have received over 90% support, of which four had the support of management. This is a first in the U.S. amongst environmental and social resolutions. Overall, it has been a pretty stellar year for ESG shareholder resolutions.

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