Report ID's Money Managers Most, Least Likely To Back ESG Resolutions
Thursday, May 18, 2023 - 10:55 AM
A new report from a group championing supply-side economics reveals which investment management companies vote most and least often in favor of woke shareholder proposals advancing the broad environmental, social and governance (ESG) agenda.
Titled "Putting Politics Over Pensions," the 40-page analysis comes from the Committee to Unleash Prosperity, which was founded in 2015 and is led by Steve Forbes, Art Laffer, Steve Moore and Phil Kerpen.
"We examined hundreds of major shareholder proposals and trimmed that list to what we call the 'Fiduciary-Free 50,' which were the most radical proposals related to left-wing activism," the group explains in its report. "None of these proposals were supported by management at the targeted companies." Their ranged from diversity hiring-quotas, to oil and gas divestment, plastic bans and "net zero" emissions.
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