“It’s clear that there would have been many more key resolutions in the 2022 and 2023 proxy years if it weren’t for the damping effect of the Big Three’s voting decisions taken in aggregate.”

[COMMENTARY] It appears the proxy voting decisions of the big three — Vanguard, BlackRock, and State Street — might be damaging to the causes of ESG and sustainability.
What Would Happen to ESG Proposals If Vanguard, BlackRock and State Street Didn’t Vote? By Lindsey Stewart of Morningstar, October 26, 2023, Harvard Law School Forum on Corporate Governance, USA.