From Morningstar:

1. Political hostility towards ESG investing is reducing support for ESG shareholder resolutions from major US fund companies, while European asset managers are offering continued support. This complicates the investment landscape for those looking to align their values with their investments.

2. US firms like Vanguard and BlackRock are showing reduced support for ESG shareholder proposals. Other large US managers are also backing away from well-supported resolutions, creating a decline in support for ESG-related topics.

3. European managers, on the other hand, continue to support ESG-related resolutions at a high level, adding complexity for sustainability-focused investors. The decline in support for ESG resolutions means investors question if their objectives align with their managers’ voting policies.

4. As US firms reduce support for key ESG resolutions, investors wonder how well their investments align with their values. With European asset managers showing higher support, the investment landscape grows more complex, further complicating decisions for sustainability-minded investors.



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