Hints of Sea Change in Big Fund Company ESG Proxy Votes
Big mutual funds have for years taken heat from some corners for not using their heft to pressure the companies whose stocks they own when it comes to issues like climate change, workplace practices, and pressing social issues. But midway through the 2021 corporate proxy-voting season, a time when investors cast their ballots on resolutions that could shape company policies, there are signs of a significant shift amid record levels of support for environmental, social, and governance proposals. The details of how fund companies voted won’t be fully reported until later this year. Yet, evide...
Source: morningstar.com