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Oct 4, 2024 | 
corpgov.law.harvard.edu | Lindsey Stewart
Big Three, ESG, Proxy, ShareholdersMore from: Lindsey Stewart, MorningstarLindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on a Morningstar memorandum by Mr. Stewart and River Meng. Key ObservationsAverage support for ESG-focused shareholder resolutions in the US stabilized at 23% in the 2024 proxy year, after a steep decline in 2023. Excluding a growing cohort of resolutions by anti-ESG filers, the 2024 average is 27% (2023: 26%).
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Sep 24, 2024 | 
morningstar.dk | Lindsey Stewart
Men mere end halvvejs gennem den planlagte cyklus står det klart, at vi er langt fra at nå SDG'ernes mål. FN's generalsekretær António Guterres erklærede for nylig, at kun 15 % var på rette spor.
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Aug 27, 2024 | 
morningstar.co.uk | Lindsey Stewart
Suppose I summarise 2024 proxy-voting support for environmental, social, and governance-themed resolutions in one sentence. Here it is: Support for environmental and social resolutions was lower again in 2024, while support for governance proposals rebounded. Understanding these patterns is important for shareholders trying to pick a manager whose proxy voting matches their own values.
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Aug 17, 2024 | 
corpgov.law.harvard.edu | Lindsey Stewart
anti-ESG, E&S, ESG, Proxy season, SECMore from: Lindsey Stewart, MorningstarLindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Now that the 2024 proxy-voting season is over, it’s time to zoom out, look at the major trends for the proxy-voting year that just ended, and assess what they could mean for the future.
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Jul 5, 2024 | 
esginvestor.net | Lindsey Stewart |Morningstar Sustainalytics
National plans must shift gears to prevent climate finance from stalling, says Lindsey Stewart, Director of Stewardship and Policy at Morningstar Sustainalytics. London Climate Action Week marked the halfway point between the annual UN Climate Conferences – COP28 in the UAE last year, and COP29 in Azerbaijan this year.
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May 23, 2024 | 
corpgov.law.harvard.edu | Lindsey Stewart
Climate, climate risk, climate strategy, Shareholder, Shareholder votingMore from: Lindsey Stewart, MorningstarLindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Key TakeawaysThree Years of Say-on-Climate: Most Action in EuropeSay-on-climate resolutions are a relatively new genre of proposals, enabling shareholders to express a view on a company’s climate strategy.
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Apr 28, 2024 | 
corpgov.law.harvard.edu | Lindsey Stewart
ESG, Nonsignatories, Proxy season, Proxy votingMore from: Lindsey Stewart, MorningstarLindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on a Morningstar memorandum by Mr. Stewart and River Meng. Manager Exits Grab Headlines Ahead of Proxy Season Five US asset managers recently decided to exit or amend their participation in the Climate Action 100+ engagement initiative.
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Feb 26, 2024 | 
morningstar.ca | Lindsey Stewart
Elon Musk isn’t happy. Elon Musk, the CEO and 13% shareholder of Tesla TSLA, is petitioning the company’s board to grant him more voting power over the electric vehicle maker, according to a recent article in The Wall Street Journal. Just for context, Musk sold a chunk of Tesla stock to fund his takeover of Twitter. A conventional reading of the matter would be to say if Musk wanted greater control of Tesla, then he perhaps shouldn’t have sold quite so much stock.
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Feb 7, 2024 | 
corpgov.law.harvard.edu | Lindsey Stewart
ESG, ESG resolutions, Europe, NBIM, Proxy votingMore from: Lindsey Stewart, MorningstarLindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here) by Lucian A.
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Jan 24, 2024 | 
morningstar.co.uk | Lindsey Stewart
In 2023, the FRC put out to consultation 18 proposals to revise and extend the Code. However, in November, the regulator took many by surprise in deciding not to take forward most of those ideas. The proposed revisions were intended to be the vehicle for delivering the bulk of earlier government proposals to reform the corporate governance and audit framework in the UK – proposals that were also themselves pared back.
