Reported about 17 hours ago
Support for shareholder resolutions advocating climate and social reforms in the U.S. has declined to an average of 16% over the past year, a significant drop from three years ago, according to Morningstar. Analysts attribute this trend to political backlash against such issues and companies' existing reform measures. Additionally, key proxy advisers have reduced their endorsements for these initiatives, reflecting a shift away from progressive priorities among investors.
Source: YAHOO