Shareholder advocacy on ESG
Updated: Apr 25
The trend of activism has rebounded in recent years. In 2021 there were 220 campaigns launched against target companies worth more than $1 billion. 75% of the total was led by first-time or occasional activists who continue on an increasingly active approach towards company management issues.
Activists are using a “Swiss army knife” approach in their push for change. This year's campaigns have shown that activists will go after any company. And no matter how big or small the issue, if they perceive a business is lagging on environmental, social, and governance issues.
Activists are starting to make a difference! Engine No 1, an investment firm that only had 0.02% of shares in oil giant Exxon Mobile, managed to win three seats on the board after fighting hard and long for a transition to clean energy sources - making this victory one worth celebrating.
In 2021, environmental concerns were at the forefront of most activist campaigns. Many people expect this trend to continue in 2022, and they expect social justice issues will be coming up as well.
ESG is finally catching on. A few years ago, people were arguing about how the ‘E’ part of ESG investing was going to affect our finances and it's TRUE because what matters to the world does have an impact!