Shareholder activism: The evolving role of resolutions

It's no secret that ESG shareholder activism has seen somewhat of a lull during 2022 - though not through a lack of trying. S&P estimates that over 600 ESG-related resolutions were filed during the US proxy season, up a fifth on last year. Around a quarter of these resolutions were withdrawn in agreement, demonstrating that large shareholders are becoming more effective at influencing organisations to evolve, in more collaborative, (read: less affronting) ways than at AGMs. Yet, Reuters reported that in July the average support for ESG shareholder resolutions dropped around 5% from 20...