Say-on-Climate Votes: Asset Managers Send Mixed Signals
Key Takeaways Three Years of Say-on-Climate: Most Action in Europe Say-on-climate resolutions are a relatively new genre of proposals, enabling shareholders to express a view on a company’s climate strategy. This paper reviews the votes on 87 say-on-climate resolutions in the past three years. European companies account for 83% of these proposals. Shareholder support for […]
Posted by Lindsey Stewart, Morningstar, Inc., on Thursday, May 23, 2024
Editor's Note:
Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum.
Key Takeaways
Three Years of Say-on-Climate: Most Action in Europe
- Say-on-climate resolutions are a relatively new genre of proposals, enabling shareholders to express a view on a company’s climate strategy.
- This paper reviews the votes on 87 say-on-climate resolutions in the past three years. European companies account for 83% of these proposals.
- Shareholder support for say-on-climate resolutions is relatively high, at an average of 89% over three years. The average is bolstered by support from the largest shareholders in the market on nearly all proposals
