The Missing60 revealed: Asset managers explain Exxon, Chevron votes

Blog & Articles, Climate disruption

Proxy votes from the spring AGM season became public last month, drawing attention to the 60% of voters who supported climate-risk stress tests at non-US companies but reversed course at Exxon and Chevron, where management opposed the shareholder proposals. In a recent article, Preventable Surprises interviewed the largest asset managers in the Missing60 and took issue with the arguments they presented in defence of their votes. We also interviewed asset owners and managers who voted for the resolutions at Exxon and Chevron–allowing them to articulate the position of responsible investors. We are working to make the 2017 AGM season a more successful one for reducing emissions in line with the Paris Agreement.

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