In May this year, industry titan BlackRock announced that it would back fewer shareholder resolutions in this year's round of annual general meetings. The investment manager stated that many proposals, namely surrounding climate change, were overly prescriptive. Yet this contravenes many of the broader trends witnessed through AGMs over recent months. Paul Lee, head of stewardship and sustainable investment strategy at Redington points to a "significant increase in the number of shareholder resolutions," and notably in response to emerging climate science, a call to end financing for new...
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