“Voting decisions on these resolutions by the Big Three, primarily passive, asset managers—BlackRock, Vanguard, and State Street—also clearly indicate the issues the firms are prepared to make a stand on regarding environmental and social themes. This is useful to investors in passive funds who may wish to select a manager whose voting record aligns most closely to their own sustainability priorities.”
[COMMENTARY] Would you make different proxy vote decisions compared to that of the funds you hold? It’s a subject that few investors think about, yet could be particularly important for ethical and sustainable investors. This academic paper provides insight into this issue.
Proxy-Voting Insights: How Differently Do The Big Three Vote on ESG Resolutions, by Lindsey Stewart, Morningstar, July 3, 2023, Harvard Law School Forum on Corporate Governance, USA.