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Investors Struggling to Win Fund Firms’ Support on ESG Proposals

July 29, 2019, 5:23 PM

Investors are gaining more of a social conscience, but their enthusiasm isn’t always being shared by money managers.

About 51% of the 465 proposals in 2017 focused on social and environment issues, according to a report issued July 29 by the Investment Company Institute. That compares with 22% in 2003, the first year covered in the study.

Increased interest in environmental, social and governance issues has compelled shareholders to hold management to account on such matters and driven a boom in impact investing. In 2017, funds supported 25% of shareholder proposals categorized as social and environmental. They voted yes on...

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