This proxy season, investors stepped up their efforts to hold companies to account on managing climate-related risk, writes Emmanuelle Palikuca, managing director, head of sustainability advisory, Alliance Advisors.
Corporate climate action is falling short of the requirements to limit global temperature increase to 1.5°C, making the threat of global warming an all-too real risk. In response, issuers are facing heightened action from shareholders to develop credible and ambitious climate transition plans. In 2022, 146 environmental shareholder proposals were subject to a vote globally, a 21.7% increase compared 2021 levels, according to Insightia’s Voting module. Of these proposals, 55.5% explicitly mentioned climate-related policies, strategies, targets, and/or reporting. Among the broad selection of environmental proposals companies faced this year, several unique trends emerged.
