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ESG Proxy Resolutions Find More Support in 2019

But large fund companies often block their path.

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Mutual fund companies backed proposals addressing sustainability concerns by the widest margin yet in 2019, but a lack of support from the largest U.S. fund managers kept many just short of winning a majority of votes.

Now, with BlackRock (BLK) signaling its intention to integrate sustainable investing across the firm's strategies and actively support climate-change-related shareholder proposals in corporate elections, 2020 could be a year when many more environmental, social, and governance resolutions pass with majority support. 

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Jackie Cook does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.