Shareholder ‘Proxy’ Plans Ramp Up Pressure For Corporate Climate Action

Sustainability-oriented investors are expected to ramp up their use of “proxy” votes in the coming months to spur publicly traded companies to take more ambitious steps on climate change, such as setting net-zero emissions strategies or reducing investment in fossil fuels. Votes on dozens of these advisory measures in the coming months are expected to further increase climate-related pressure on firms in multiple sectors, especially after the Securities & Exchange Commission last month floated landmark requirements for companies to disclose...