Support for shareholder proposals aimed at tackling environmental and social risks hit a record low last year as US investors retreated from ESG issues. Only 1.4% of ESG shareholder resolutions put forward at AGMs last year secured majority support, marking a sharp decline from 21% in 2021. The Guardian covers the story.
A new London-based group has been launched to scale funding for decarbonisation efforts in the UK and abroad. The Transition Finance Council includes bank executives, and its intention is to ensure that London is a “preeminent financial hub for transition financing”. Bloomberg covers the story.
