ShareAction decries ‘worst voting performance yet’ on environmental and social resolutions
Just 1.4% of shareholder resolutions tackling environmental and social issues received majority support in 2024
shareholders
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Foresight Solar announces fee changes, succession plan and liquidity debate
Tony Roper will become chair of the trust in September this year
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AGM ballots: An unlikely DEI battleground
Castlefield’s Ita McMahon explains why DEI has become a topic of heated debate and looks at some of the emerging trends
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AIC proposes company law amendments to widen voting access
Amendments to company law would require platforms to opt in investors automatically to receive company information and voting rights
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Time to say goodbye
Knowing when engagement has reached the end of the road, by Castlefield’s Ita McMahon
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£1.6trn investor group write to UK’s largest companies calling for urgent response on climate transition plans
Letter sent to 76 FTSE 100 companies including Schroders and Hargreaves Lansdown
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Vanguard did not back any ESG shareholder proposals during 2024’s AGM season
Follows BlackRock’s voting reaching record low
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JLEN Environmental Assets board urges shareholders to vote against discontinuation
Share price return has outperformed the sector on a one-year and three-year basis
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Support for anti-ESG shareholder resolutions remained low in 2023
Cohort of anti-ESG shareholder resolutions at US companies ‘to gain attention rather than shareholder support’
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Shareholders vote against McDonald’s antibiotics despite pension savers support
Pressure is on McDonald’s to reduce the use of antibiotics in its meat production
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US Solar fund survives continuation vote despite shareholder dissent
35.4% of votes favoured discontinuing the trust
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Avoid exaggerating engagement impact and focus on ‘win-win’
An investor can rarely claim unilateral credit for how the company has decided to act, writes PGIM’s global head of ESG