Seven out of 10 U.S. mutual fund investors now want their mutual funds to support global warming shareholder resolutions, but not one of the nation's largest mutual funds voted in favor of any climate change proxy measures during 2005, according to a major new public opinion survey from the Civil Society Institute (CSI) and a report prepared for the Ceres investor coalition.
The new Ceres report shows that while many of the nation's institutional investors are routinely supporting global warming resolutions, none of the nation's 100 biggest mutual funds -- including those managed by Fidelity, Vanguard and American Funds -- supported any of the 33 global warming resolutions filed with US companies in 2005. However, the new CSI survey shows that a clear of majority U.S. mutual fund investors want their mutual fund managers to vote in favor of the global warming resolutions and also to actively screen companies linked to climate change woes. (See full Ceres report and CSI survey data below.)
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