‘World’s biggest asset managers block ESG progress’
How asset managers vote on corporate resolutions every year determines the future of our planet, but the world’s very biggest investment corporations continue to block progress on environmental and social issues.
Researchers from non-profit organisation Share Action, in the latest edition of the Voting Matters report released this week, outlined how 68 of the world’s largest asset managers voted on 252 ESG-related shareholder resolutions.
‘Virus to drive AGM reform’
Annual general meetings moving online is an example of how the coronavirus could change the way businesses function. The Institut Luxembourgeois des Administrateurs (ILA), the country’s director’s association, saw a 20% increase in participation after moving their AGM online.