Big U.S. Fund Companies Retreat on Support for ESG Proxy Votes
“More ‘no’ votes by U.S. funds on key ESG resolutions contrasts with continued backing from European money managers.”
[COMMENTARY] This is not surprising given the current environment in the USA. Most European investors still believe in ESG whereas, in the USA, many investors — particularly on the right of the political spectrum — have erroneously, come to doubt it! Thus, this is reflected in their proxy voting.
Big U.S. Fund Companies Retreat on Support for ESG Proxy Votes, by , January 11, 2024, Morningstar, USA.
