Bummer: Asset Managers Have Low Interest In Climate (scam) Proposals

It was bound to happen, because investors and companies were going to get tired of all these global boiling plans that most have little to no return on investment

Plans to tackle environmental risks ‘got record-low support from asset managers’

Proposals aimed at tackling environmental and social risks saw record-low support from asset managers at shareholder meetings last year, according to an analysis.

ShareAction, which campaigns for responsible investment, found that only 1.4% – four of the 279 shareholder resolutions it assessed – received majority support in 2024, down from 21% in 2021.

Resolutions can be put forward by company shareholders, asking the board to take certain actions on issues like corporate governance, environmental and human rights risks, diversity and inclusion, and bosses’ pay.

They are then voted on at a shareholder meeting, usually annual general meetings (AGMs), and while not legally binding, significant support can put pressure on the board to respond to the matters raised.

ShareAction’s annual Voting Matters report, released on Tuesday, found that four of the world’s largest asset managers – BlackRock, Fidelity Investments, State Street Global Advisors and Vanguard – voted against shareholder proposals aimed at protecting human rights, nature and climate last year.

Do those make money? Do those reward investors and shareholders? Heck, do they reward the bigwigs who run the companies? Who are the people putting these proposals up for a vote? Why can’t they use their own money? Do they use they their own money at any time, or, just demand that the companies use their money, ie, the investors/shareholders money? Sadly, the climate cult has mixed their cult with human rights and nature, ruining those for the people who need it?

ShareAction claim that had asset managers supported shareholder proposals put forward at 190 companies, it may have helped to improve conditions for low-paid workers struggling with the global cost-of-living crisis and driven climate action at a time when impacts from warming are devastating communities worldwide.

See? They’re mixing various real issues with the scam. Also, why can’t ShareAction raise their own money to do these projects.

The post Bummer: Asset Managers Have Low Interest In Climate (scam) Proposals appeared first on Pirate’s Cove.