A powerful tool for change
Shareholders have the power to positively influence their investee companies by voting on resolutions.
We've collated a list of key resolutions in 2023 that we believe should be a priority for investors in the 2023 proxy voting season. The list covers a range of important environmental and social issues. It can be used to measure asset manager performance in the upcoming proxy voting season.
We urge asset managers to vote FOR the resolutions in Table 1, publicly pre-declare voting intention, and publish a rationale for any deviations in voting outcomes.
We urge asset owners to ask your asset manager to do the same, adopting a comply or explain policy, and to use this list to challenge and evaluate your asset manager on their voting decisions.
Table 1: SUPPORT these resolutions
We urge asset managers to vote AGAINST the resolutions in Table 2, publicly pre-declare voting intention, and publish a rationale for any deviations in voting outcomes.
We have published two individual assessments of Credit Suisse and UBS’s climate strategies as both banks face a climate or sustainability vote at their 2023 AGM. UBS’s acquisition of Credit Suisse raises questions about which climate policies will be adopted by the newly formed entity, and how UBS’s climate risks and impacts might change. Credit Suisse and UBS were already lagging behind their European peers on climate change before the merger, ranking 20th and 24th in the climate ranking of ShareAction’s latest banks survey.
Table 2: OPPOSE these resolutions
The Resolutions Tracker was published on 13 March 2023. We aim to update the tracker regularly. Last updated: 28 June 2023.
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