Sustainability-focused investment funds at some of the world’s largest asset managers – including BlackRock, Vanguard and SSGA – are still failing to take biodiversity and nature loss seriously, analysis of shareholder votes over the past 12 years indicates.
Planet Tracker said it found almost two-thirds – 62 per cent – of votes cast by these funds on shareholder proposals relating to biodiversity since 2010 went against the proposal or were not voted on at all.
That is despite figures from the World Economic Forum revealing that as much as half of the world’s GDP – or $44tr – being moderately or highly dependant on nature, the financial think tank pointed out.
Published yesterday, Planet Tracker’s report analysed almost 26,600 votes cast by over 7,700 funds on 38 proxy biodiversity proposals from shareholders between 2010 and 2022.
It found 38 per cent of those votes went in favour of the biodiversity
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