The ESG Proxy Vote Ranking – WSJ

If Americans want to make investment decisions using environmental, social and governance factors, that s fair enough. It s a free country. The problem is having a hidden agenda that applies to everybody else. A new analysis says that, even in non-ESG investment vehicles, many asset managers proxy vote in favor of woke shareholder proposals to do racial audits or strangle fossil fuels.

The table nearby shows the score. It s from a report by the Committee to Unleash Prosperity, which examined 4,814 non-ESG branded funds to see how proxy votes were cast on 50 of the most extreme ESG-oriented shareholder proposals from 2022. One proposal wanted Home Depot to perform a racial equity audit to identify adverse impacts on nonwhite stakeholders. Another called on Costco to set climate targets for Scope 3 emissions, including due to land use change and deforestation. Neither has anything to do with the bottom line.

via www.wsj.com

Darn tootin’.