Shareholder Support for ESG Proposals Drops

Shareholder support for proposals relating to environmental, social, and governance (ESG) fell to 22%, compared to its peak support of 33% in 2021.

“It’s across the board that support has dropped,” said Heidi Welsh, the Executive Director of Sustainable Investments Institute.

The drop in ESG support follows Republican lawmakers pulling funding from institutions involved in ESG investments.

Reporting from Daily Caller:

Data from corporate consultancy firm Georgeson reflected similar results through mid-May, finding that shareholder support for environmental resolutions fell to just 25%, down from 43% through all last year, Reuters reported. Resolutions related to social issues saw even less support, falling to just 20% this year, continuing to fall from 26% in 2022 and 33% in 2021