Proxy-voting decisions have become increasingly important as they influence the largest U.S. companies' actions on environmental and social issues. The Big Three asset managers—BlackRock, Vanguard, and State Street—play a significant role, with their proxy voting records revealing their stance. These powerful insights can help investors choose a manager most closely aligned with their sustainability priorities.

In this research report, we examine how the Big Three voted on 100 key environmental and social resolutions from 2021 to March 2023. When investors are informed about how managers are voting by proxy, it can be easier to evaluate that level of alignment.