Key ESG Resolutions: An Analysis of Proxy-Voting Outcomes

This report provides an in-depth analysis of the voting decisions of the Big Three asset managers - BlackRock, Vanguard, and State Street. The data-driven analysis aims to offer a transparent and accessible understanding of the influence exerted by these major asset managers on ESG resolutions.

Our earlier published research paper on proxy-voting trends posed the question of how much of the decline in support for E&S shareholder resolutions is due to lower support from large asset managers. To answer this, we looked at proxy-voting trends over the last two proxy years for U.S. large-cap companies. It’s clear from the data that the trends seen among U.S. large caps are broadly representative of the wider U.S. market.