The Missing 55%: Utility investors diverge on climate

Nine utilities faced 2017 shareholder resolutions calling for increased disclosure of the risks climate change poses to asset values. Preventable Surprises analysed the votes of the ten largest utility investors to find which are publicly pressuring utilities to address the transition to low carbon and which are waiting for private engagements to bear fruit. (See the report below.) Public support of shareholder resolutions at laggard companies is critical because behind-closed-doors engagement lacks transparency, accountability, and meaningful metrics.