The overall shareholder proposal trends (i.e., more proposals, lower support) notwithstanding, WilmerHale’s “2023 Proxy Season Update: Shareholder Activism on “E” Topics” homes in on a few environmental-related proposal types—namely, climate-related lobbying practices, deforestation supply chain risks, and plastics use reduction, that are in some way bucking the trends, signaling evolving demands and expectations and an increasing focus by investors.
This post first appeared in the weekly Society Alert!