This year’s spring season of shareholder voting is leading some to believe that the tide may be turning against the left-wing corporate pressure campaign that goes under the awkward moniker of Environmental, Social and Governance, or ESG.
“The big story this year is the drop in support for ESG proposals,” Scott Shepard, a fellow at the National Center for Public Policy Research, told The Epoch Times.
Citing data from the Sustainable Investments Institute, the Financial Times reported this week that proposals to compel corporations to act against climate change won approval from an average of 23 percent of shareholders, versus 36.6 percent in 2022 and about 50 percent in 2021. Support for proposals on social justice causes is also down about 10 percent compared with last year….