Climate Resolutions See Sustained Support, Despite ESG Backlash
By:
May 8, 2023
This year investors are emphasizing climate risk as part of their push to get companies to address global warming, while treading more carefully around issues related to pay linked to sustainability goals, according to market watcher.
…This year so far, investors have filed 19 climate change-related resolutions that mention climate risk at S&P 500 companies including Alphabet, Berkshire Hathaway Inc., and Chevron Corp. This is compared with 16 such investor-led proposals filed at companies in 2022, according to a review by public company intelligence provider MyLogIQ. Investors are asking businesses to give a more detailed outline of their carbon reduction initiatives, share information on incentive plans that link pay to climate-related targets and describe efforts to mitigate the operational risk associated with the effects of global warming.
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