With carbon footprints on the agenda, corporations must tread ...

World

With carbon footprints on the agenda, corporations must tread lightly

Investors push companies to come clean on climate, as they face dozens of resolutions tied to ‘net-zero’ targets

Simon Jessop, Matthew Green and Ross Kerber

In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years.

Those votes are likely to win more support than in previous years from large asset managers seeking clarity on how executives plan to adapt and prosper in a low-carbon world, according to interviews with more than a dozen activist investors and fund managers.

In the US, shareholders have filed 79 climate-related resolutions so far, compared with 72 for all of last year and 67 in 2019, according to data compiled by the Sustainable Investments Institute. The institute estimated the count could reach 90 this year...

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