ESG Proxy Resolutions Find More Support in 2019
But large fund companies often block their path.
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.
Jackie Cook does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.