Without data on how many proposals were withdrawn following successful negotiations, it is hard to evaluate these conclusions.
Despite a steady decrease in the portion of environmental and social proposals receiving less than majority support from 2017 through 2021, 2022 bucked the trend likely due to some institutional investors viewing them as overly prescriptive as explained here, for example, by BlackRock.
A Graphical Look at U.S. Shareholder Proposals in 2022
