2017 Proxy Season Review (Aug. 2017)

The 2017 proxy season will go down as a turning point for key environmental and social (E&S) initiatives as a result of pronounced shifts in the positions and voting policies of several major asset managers. For the first time, three resolutions on the management of climate change risks won majority support in the face of board opposition, including a landmark vote at the world’s biggest oil producer, Exxon Mobil.