Companies are responding to shareholder resolutions on climate change with increasing degrees of action, according to socially concerned investors coalitions Ceres.
Of 57 resolutions filed on the issue, almost half were withdrawn after companies including Ford and El Paso made commitments and took action on climate change. Other resolutions saw an increased amount of shareholder support in votes at AGMs. Of the 24 that went to the vote, they secured an average of 23 percent support, up six points from two years ago.
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