Veolia becomes first company with Net Zero goals validated by both SBTi and Moody’s

illuminem summarizes for you the essential news of the day. Read the full piece on ESG News or enjoy below:

🗞️ Driving the news: In 2024, shareholder proposals on ESG and anti-ESG issues reached a record high among Russell 3000 companies, totaling 998
• Despite the increase, support for these proposals remains mixed, reflecting the complex and polarized views of stakeholders

🔭 The context: While ESG proposals grew by 18%, support for environmental and social issues declined by 6% and 5%, respectively
• Conversely, anti-ESG proposals surged by 19% from 2023 and 90% from 2022, yet they received minimal backing, with average support at just 2.8%

🌍 Why it matters for the planet: The mixed reception to ESG proposals, particularly those focused on environmental and social issues, suggests challenges in advancing corporate sustainability agendas
• The rise of anti-ESG sentiment indicates growing skepticism or resistance among some investors

⏭️ What's next: Boards are advised to engage with shareholders to better understand and address the concerns driving anti-ESG proposals while bolstering support for governance-related ESG initiatives
• Effective communication and alignment with shareholder priorities are key strategies moving forward

💬 One quote: "Boards need to identify which ESG areas require focus based on their industry and shareholder priorities," according to the Georgeson report

📈 One stat: Anti-ESG proposals increased by 90% from 2022, though they only garnered 2.8% average support

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