03 July 2017

US corporate law weekly news: Fidelity Investments releases new proxy voting guidelines in support of climate change proposals

Fidelity Investments may now support shareholder proxy proposals calling on companies to provide more disclosure on sustainability matters, including renewable energy, and environmental impact issues. Fidelity proxy voting guidelines had been silent on the issue. In the last two proxy seasons, Fidelity funds opposed or abstained on every shareholder proposal related to environmental issues.

The new environmentally conscious guidelines come on the heels of the emergence of the United States Climate Alliance after President Trump’s decision to exit the Paris Agreement on climate. For more information, see https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Full-Proxy-Voting-Guidelines-for-Fidelity-Funds-Advised-by-FMRCo.pdf

Category: Blog