The number of anti-environmental, social, and governance (anti-ESG) proposals presented at shareholder meetings has surged this year, according to new data from governance consultant Georgeson. Despite the increase, most proposals garnered minimal support. The data underscores the contentious nature of ESG issues, with conservative pushback on topics such as diversity and LGBTQ rights leading to divisions within corporate boards and prompting abrupt strategic pivots at several notable companies.
Some firms are now encountering both pro-ESG and anti-ESG proposals on identical issues, highlighting the complexities and challenges that topics like diversity and climate change present for corporate America. For an in-depth exploration of this trend, visit the original article.