Timed to the 2020 Annual General Meeting (AGM) season, shareholder advocacy non-profit As You Sow filed seven shareholder resolutions, on behalf of individual proponents, that specifically requested material disclosure compliant with environmental and social corporate reporting standards published by the Sustainability Accounting Standards Board (SASB). SASB standards are explicitly designed to reflect financially material aspects of corporate behavior as it pertains to sustainability topics. Large investment advisors have committed to SASB, even to the extent that BlackRock and State Street Global Advisors, the world’s largest and third-largest asset managers, announced in January that they would use SASB disclosure to frame their proxy voting policies. Resolutions calling for SASB disclosure should be expected to enjoy widespread support from both investors and corporate managements. Indeed, the results produced by these resolutions have suggested that this is the case. Read Full Article - Harvard Law School Forum on Corporate Governance, June 12, 2020
