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Major investment funds are losing interest in pushing politics through shareholder votes, with some rejecting ESG initiatives. The retreat from ESG proxy voting is highlighted in recent research, indicating a shift in investment strategies and a focus on investor responsibility. The move comes as ESG practices face scrutiny for potential violations of antitrust laws, leading to a reevaluation and rebranding by proponents. Conservative wins in rejecting ESG proposals, such as by Blackrock, are seen as positive developments in the investment landscape.
Per @WSJ, it’s great to see some conservative wins around ESG. @Blackrock rejecting most ESG proposals last year is a welcome development and one that we hope to see continue. We should applaud them. https://t.co/CkMGdbZxat
ESG isn't an investment strategy. It's a political agenda. Don't let money managers virtue-signal with your investments. The following fund families earned an F in @Comm4Prosperity's latest "Pension Politics" report: https://t.co/iRy6GpEpMD https://t.co/uG5umjUUka
🚨 Good news and bad on ESG @Comm4Prosperity's second edition of "Pension Politics" on investment firm proxy voting was released today. The lead editorial by the @WSJ summarizes what you need to know: https://t.co/Rpx2iXr7TG
