A new report published by Morningstar showed that support for ESG initiatives rose significantly to 46%, up from 27% last year, among large fund families. The study tracked voting patterns for 12 issues including: climate change, diversity, ESG/sustainable governance, gender pay equity, political spending, and others. Overall, asset managers are responding to shareholder proposals more frequently “to advance sustainable business practices at investee companies…and to enhance long-term shareholder value while also responding to growing pressure from clients, peers, and regulators,” Morningstar reported.

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