Shareholder Proposals: Climate is Still a Big Target
This Reuters article draws on these stats provided by Ceres that reflect the continuing high pace and evolving nature of climate-related shareholder proposals:
- To date, proponents have filed 263 climate-related resolutions compared to 259 in all of last year.
- Of these proposals, 56 have been withdrawn so far in exchange for a company commitment of some sort, compared to 83 last year (and 116 in 2022).
- A total of 28% of these proposals relate to GHG reduction goals and/or climate transition plans.
- Newer emerging trends involve biodiversity-related and water-related proposals.
- The consumer goods sector has seen the highest number (72) of climate-related proposals filed this year, followed by financials (59), industrials (40) and energy (26).
And there should be more to come.
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