The Green Bottom Line

Asset Managers' Climate Votes: 2024 Proxy Trends


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The 2024 proxy season revealed significant shifts in sustainability-focused shareholder proposals, particularly on climate issues. While climate-related resolutions hit record numbers, support has stabilised after two years of decline. "Say on Climate" resolutions lost momentum, with investors favouring targeted engagement and emphasising board accountability. A notable trend is the divergence between European and US asset managers. European firms generally show stronger support for climate resolutions, while US counterparts have become more cautious. This split reflects broader regional differences in climate action within finance.

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The Green Bottom LineBy GBL