What's driving governance support as E+S approval dips: Diligent Market Intelligence [Yahoo! Finance]
AllianceBernstein Holding L.P. Units (AB)
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Source: Yahoo! Finance
The 2024 proxy season saw another increase in the number of environmental and social shareholder proposals that reached a vote, though support continued a downward trend . However, an increase in support for governance-related proposals buoyed overall shareholder proposal support. After environmental and social proposals saw a record 33.3% average support in 2021, such proposals only garnered 16.2% support in the latest proxy season, Diligent Market Intelligence, a platform that provides clients with ESG data and analytics, reported earlier this year. The increase in submissions was propelled by a rise in anti-ESG submissions — which were not well-received by investors — but increased support for governance proposals kept overall ESG resolution approval rates at 23%, according to Morningstar Sustainalytics Last month, Diligent Market Intelligence released its 2024 Investment Stewardship report, adding further insight for a retrospective on the proxy year. Among the governance
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