With climate change front and center on the SEC’s and investors’ agendas, companies should anticipate a sustained push on climate issues as well as on broader environmental topics (including water use, plastic pollution, and deforestation) through engagement and shareholder proposals.
The number of environmental proposals filed in the first half of 2021 (80) remained steady compared to the same period in 2020 (79).1 The number of such proposals voted on rose to 28 in 2021, up from 19 in 2020, but it remains lower than environmental proposals filed (126) and voted on (42) in 2018.

While the overall number of environmental proposals remained fairly flat, relatively more of such proposals in 2021 focused on climate change (climate-related and say-on-climate proposals) rather than on other environmental issues compared to 2020. In the first half of 2021, 76 percent of all filed, and 82 percent of all voted, environmental proposals focused on climate, up from 65 percent of filed and 63 percent of voted proposals in 2020. Other environmental proposals asked for reports on topics su
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