After non-leftists successfully fought back against the insertion of DEI (Diversity, Equity, Inclusion, a dog whistle for far-left extremism) into many corporate policies, the far left radicals are now targeting asset managers like Goldman Sachs and JPMorgan Chase, demanding they punish companies that don’t conform to their anti-human, anti-American radical ideology of hate, fear, and fake hope.
Progressive groups target asset managers after their ESG support wanes – www.americanbanker.com
Excerpt:
Progressive shareholder activists want some of the world’s largest asset managers, including Goldman Sachs and JPMorgan Chase, to explain a recent decline in those firms’ support for left-leaning environmental and social policies at public companies.
The shareholder groups, which are led by the nonprofit Interfaith Center on Corporate Responsibility, say that four big asset managers are demonstrating less support than they previously did for proposals that the progressive organizations favor.
Those proposals, which shareholders vote on at companies’ annual meetings, include efforts to force expanded corporate reporting on greenhouse gas emissions and workforce diversity data.
Asset managers hold a great deal of sway over the results of shareholder proposals, since they cast votes for many smaller investors.
“Asset owners are increasingly concerned about asset managers’ declining proxy voting on ESG shareholder proposals,” the Interfaith Center on Corporate Responsibility said in a statement last week.
About Author
Paul Collier
Paul Collier is the editor of The Freedomist newsite, our Weekday Reports, and our Monthly Publication, Freedomist Intelligence Advisor (previously McAlvany Intelligence Advisor). He has been involved in news publishing since 2003.
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