SEC proposed rule would have blocked 614 ESG resolutions since 2010, data shows | S&P Global Market Intelligence

What would be the impact of the SEC’s new proposed restrictions on shareholder proposals?

[T]he Sustainable Investments Institute, or Si2, compiled a database of ESG resolutions voted on from the beginning of 2010 through Nov. 18, 2019. Si2 found that 614 ESG-related resolutions, or about 30%, of the 2,019 proposals voted on at company annual meetings over that period would not have been eligible for resubmission. That total is almost three times the number of resolutions — 206 resolutions — that could have failed existing threshold requirements over that time, according to Market Intelligence’s analysis of the data.

Of the 614 potentially impacted resolutions, political activity, climate change and human rights issues would have taken the biggest hit.

via SEC proposed rule would have blocked 614 ESG resolutions since 2010, data shows | S&P Global Market Intelligence

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