This year’s proxy season – the time between mid-April and mid-June when most large, publicly traded companies host their annual meeting and shareholders vote on various resolutions – will test how far the anti-ESG movement sweeping the US is gaining a foothold in corporate America. To date, the anti-ESG (environmental, social and governance) movement, led by Republican politicians seeking to limit environmental or social influences over capital, has largely manifested itself in state-level actions; for example, laws preventing state investments in financial institutions seen to be ‘boycotting’ companies that sell harmful products like guns or fossil fuels.
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