There are a couple of myths put out by, among others, some US Securities and Exchange commissioners.
The first is that the majority of shareholders are not interested in what the proponents of shareholder resolutions have to say. The second is that corporations want shareholder resolutions banned because they are distracting and costly.
So, a cluster of resolutions that have gained huge majorities, and some off-the-record thoughts from corporations, will help to explode both those myths.
With votes being cast in the order of 60-80% support for some shareholder resolutions, it is clear that it is not just the 'SRI community' which is backing them.
At least some of the largest mutual funds must have voted for these resolutions.
Corporate sources have told Responsible Investor that they know their sustainability reporting is on a continuum and that dislosures will evolve with each edition of their sustainability or CSR report.
In one instance…