Fund manager progress in voting on ESG issues is slowing
Despite increasing pressure to vote their shares, some asset managers are not making progress on stewardship, a recently released report said. Asset owners would do well to keep up the pressure.
A new report on voting activity by third-party fund managers suggests that the pace of progress has been slowing — coming at a time when some asset owners seem to be de-emphasising their ESG commitments, these trends have been a cause for concern.
According to ShareAction’s report on asset manager voting trends, the world’s largest asset managers backed fewer shareholder resolutions on environmental and social issues in 2022 than they did in 2021.
“Asset managers across the boa…
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