Shareholder ESG resolutions are gaining support....

Shareholders are increasingly gaining support as they press ESG issues, such as those involving the environment and diversity.  One source cites a total of 233 social or environmental shareholder resolutions as going to a vote this year, with just over half getting at least 20 percent support.  In addition, a total of 21 shareholder resolutions on social or environmental issues gained a majority of shareholder support this year, up from 13 in 2019 and 2018, and only 5 in 2017, according to the same source.  While there are still many, many other ESG resolutions that are not enjoying success, some experts see this trend reflective of the fact that larger, high-profile asset managers are engaging with companies in a way that was not seen just 5 years ago.  It is remarkable, and it is time to ask whether your organization is prepared....