Financial Advisor: Climate shift

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Investor attention to climate change, which cooled off considerably during the global financial crisis, is heating up again. Institutional investors filed 147 climate-change-related resolutions by early June for the 2014 proxy season, compared with 110 last year and just 68 in 2009, according to Ceres, a Boston-based nonprofit that manages the Investor Network on Climate Risk. The network’s 110 members collectively manage more than $13 trillion in assets.

Although all the ballots hadn’t been cast by press time, some climate-related resolutions received support in excess of 30%. Their average vote received the past five years was 23%.

 

Read more at Financial Advisor.

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