While Proposals Against ESG are Surging, Their Success is Dismal
As the call for greater corporate responsibility over environmental, social, and governance issues among investors and shareholders grows, so does opposition to ESG initiatives. In the last few months, we’ve seen major corporations like Morgan Stanley and JPMorgan exit the Net-Zero Banking Alliance following heavy ESG backlash. To determine the anti-ESG movement’s success rate, a new study has analyzed every anti-ESG proposal presented at general shareholder meetings within the 500 biggest public firms in America based on their revenue. The researchers classified proposals as anti-ESG if they criticized investor intervention that insists on firms being held accountable for environmental or…
