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Morningstar Moments: Shareholders Push Back and the DOL Proposes a New ESG Rule

Make sure you download Morningstar's Active/Passive Barometer Report.

1) Shareholders Speak Up

More and more shareholders are taking action to be heard. BlackRock, which has been under fire for regularly voting with management on shareholder proposals, recently gave its big investors the floor when it comes to shareholder proposals. Shareholders at Facebook, a company no stranger to scrutiny, are silenced by CEO and board chair Mark Zuckerberg’s ability to veto their votes. Now, Tesla’s shareholders are pushing back, too.

2) A Step in the Right (and Greener) Direction

The Department of Labor’s new proposal will break down the barriers the Trump administration put on retirement plans that support environmental, social, and governance considerations. We expect it to be finalized by early 2022.

outlines everything this proposal would do (and undo from Trump’s previous rule) for investors.

3) Download Morningstar's Active/Passive Barometer Report

Morningstar’s semiannual Active/Passive Barometer report is here! What were some of the highlights? We don’t want to give it all away, but expect to see how much the coronavirus sell-off and rebound put active funds to the test. Take a closer look for yourself with


Stay in the loop with @MorningstarInc and our analysts: Jackie Cook, director of sustainability stewardship research: @FundVotes Jon Hale, head of sustainability research: @Jon_F_Hale Ben Johnson, director of global exchange-traded funds: @MstarETFUS

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About the Author

Carole Hodorowicz

Audience Engagement Editor
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Carole Hodorowicz is an audience engagement editor for Focusing on the individual investor audience, she manages content, creates explainer videos, and writes articles about different topics in finance for beginners.

Hodorowicz joined Morningstar in 2015 as a customer support representative for Morningstar Office before moving into an editorial role.

Hodorowicz holds a bachelor’s degree in journalism from Eastern Illinois University.

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