Courtesy of Proxy Analytics, the table below summarizes proposals voted and the voting outcome of ESG-related shareholder proposals season-to-date. “New” proposals are those voted the week of May 7.
Compared to the 2022 proxy season, by proposal category, average support has declined season-over-season as follows (with the second percentage figure for each proposal category adjusted to reflect the percentage decline excluding proposals with a favorable or no management recommendation and anti-ESG proposals, which reportedly tend to skew the results): Governance (4.4% | 4.7%); Diversity & Human Capital (11.9% | 13%); Environmental & Natural Capital (11.3% | 10.2%); and Human Rights-related (10.9% | 5.4%). Average support for political activity proposals has increased marginally year-over-year on an unadjusted basis.
This post first appeared in the weekly Society Alert!