Climate
2023 was the hottest year so far, and temperatures in 2024 have continued to break records. Climate change is a grave threat to shareholder value, posing both company-specific and portfolio-wide risks. Institutional investors, and other key players in the investor ecosystem, should use the stewardship and allocation tools available to them to ensure that their portfolio companies decarbonize in an orderly and timely manner. Additionally, asset owners should take steps to ensure that their asset managers and other service providers are aligned in their climate stewardship.
Climate Priorities
Review Proxy Voting Guide & Sample Language
This guide is for investors on proxy voting practices to promote a just and sustainable world, focusing on shareholder proposals that address key environmental, social, and governance issues. It offers practical strategies for aligning proxy voting with global justice and sustainability goals, essential for fostering long-term value creation and accountability.
VOTE NO CAMPAIGN AT EXXONMOBIL
Learn how Majority Action examines Exxon’s approach to climate action and shareholder engagement, highlighting how its current practices fall short in addressing critical climate risks. It provides an in-depth analysis of Exxon’s climate-related disclosures and the effectiveness of investor pressure for meaningful environmental improvements.
Wall Street Journal - The Exxon Directors and the Proxy Abusers
Bloomberg - Exxon Feels the Heat as More Investors Assail Climate Conduct
Webinar: 2024 PROXY SEASON WEBINAR ON CLIMATE DIRECTOR ACCOUNTABILITY
In this webinar, we deep dive into the methodology that we uses to select companies and recommend votes against directors on the basis of climate performance. We will also discuss why director accountability is a critical mechanism for addressing the systemic risk climate change poses to the portfolios of long-term diversified investors.
Climate in the Boardroom: How Asset Manager Voting Shaped Corporate Climate Action in 2023
This report reveals that, despite witnessing one of the hottest years on record and $165.1 billion in climate-related economic losses in 2022, the largest asset managers have largely failed to hold climate-critical companies accountable for transitioning to a sustainable economy. The report analyzes the proxy voting behavior of these asset managers in 2023, highlighting their ongoing reluctance to address climate risks effectively.
Fulfilling the Promise 2023: How Climate Action 100+ Investor-Signatories can Mitigate Systemic Climate Risk
This report assesses how major asset managers are engaging with high-emission companies to drive necessary climate action. It evaluates their effectiveness in pushing for meaningful corporate transitions towards sustainability amidst growing climate risks.