The Interfaith Center on Corporate Responsibility (ICCR) released an overview of its ESG-related efforts and achievements attained through its members' filings of a record-breaking 504 shareholder proposals during the 2022 proxy season, compared to 307 proposal in 2021 and 285 proposals in 2020.
Key takeaways include:
Of the 212 proposals that went to a vote, 37 garnered majority support, led by DE&I-related and climate-focused proposals, at 12 proposals and 10 proposals, respectively:
174 proposals (34%) resulted in agreements between the company and proponent, the majority of which focused on climate and DE&I. Only 16 proposals were omitted based on the SEC’s grant of no-action requests.
The overview summarizes select proposal withdrawals (including company and proponent names) on climate, racial justice/DE&I, human rights and workforce issues, and more.
Access additional resources on our Proxy & Annual Reporting Season 2022 and Shareholder Proposals pages.
This post first appeared in the weekly Society Alert!