The Center for Active Stewardship

CAS is a non-partisan think tank focused on the asset management industry's approach to the green energy transition. In residence at @jainfamilyinst.

[The Center for Active Stewardship @active_stewards]

Our Proxy Voting Database is now public. Explore it here: https://t.co/8eszFu5kwf

"Unfortunately, asset managers are generally not voting in favor of long-term global health and prosperity. By providing open access to this data, we aim to increase accountability, enable research, and drive meaningful change."

Press release: https://t.co/4WmvyLCfTJ

[The Center for Active Stewardship @active_stewards]

This Thursday, Tesla shareholders will vote on Elon Musk’s new pay package. If it’s approved and Musk hits all 12 performance milestones, his stake will rise to at least 25% of Tesla—roughly $170B at today’s prices, or >$2T in future prices.

The plan has become a flashpoint in corporate governance: critics see extreme dilution enabled by a crony board, while supporters argue Musk is only rewarded if he delivers massive growth.

This chart looks back at last year’s meeting and the proposal to re-ratify Musk’s contentious 2018 pay plan, which a Delaware court had voided for being “excessive” (among other infractions). Using records from our public proxy voting database, we show how the 10 largest U.S. fund families voted: bubble size reflects their Tesla voting power, and color shows their support.

Eight of the ten supported re-ratifying his pay package, but the overall result was close (72% “For”): if BlackRock and Vanguard had voted “Against” instead of “For,” the proposal would have failed.

We’ll see how they vote this year.

In the meantime, if you want to download the voting records we’re displaying in this chart, you can make an account and get them from our free database here: https://t.co/tzIRSo55WH

[The Center for Active Stewardship @active_stewards]

DATABASE → https://t.co/x7eDh8DokJ

[The Center for Active Stewardship @active_stewards]

We’ve updated our free database at https://t.co/x7eDh8CQvb: it’s now sitting at 47M+ proxy voting records from the last two years, including every vote from U.S. asset managers.

[The Center for Active Stewardship @active_stewards]

—— WHAT’S NEXT ——
We’re working to ship new features and create tooling on top of the data.

[JAIN FAMILY INSTITUTE @jainfamilyinst]

Our partners at @active_stewards just launched the Proxy Voting Database, the first public database of proxy votes cast by U.S. asset managers.

"Institutional proxy voting because is a powerful lever for environmental and social change."

Read more: https://t.co/4zGaBblnnr

[The Center for Active Stewardship @active_stewards]

In one week, CAS will be hosting a virtual panel with @jonasnahm, Thierry Philipponat (@forfinancewatch), @GregorSemieniuk and @jvtklooster on the changing landscape of climate policy -- registration details below!

[advait @advaitarun_]

i really like @nolan_lindquist's critique of decarbonization tech narratives in the @active_stewards newsletter!!
https://t.co/YBzBSKIWgs

[The Center for Active Stewardship @active_stewards]

To get our weekly news roundup sent straight to your inbox, you can subscribe at https://t.co/9SzYPkbBzN

[The Center for Active Stewardship @active_stewards]

Check out our latest weekly reading list where we spotlight @CalPERS's criticism of @exxonmobil execs regarding their lawsuit against investor @ArjunaCapital and activist group @followthis2015, among other stories: https://t.co/KPh6ZqbY8L

[The Center for Active Stewardship @active_stewards]

In this report, we highlight 21 companies with upcoming AGMs where we suggest investors heighten their due diligence and engagement on climate and energy issues based on a financial materiality screening approach. (3/3)

[The Center for Active Stewardship @active_stewards]

Our new report "State of Play: Proxy Season 2024" provides an update on what's happening on the climate shareholder proposal front, and lays out which proposals could have the highest impact 🧵 (1/3)
https://t.co/20oD78eX7s

[The Center for Active Stewardship @active_stewards]

The vast majority of the Russell 1000 (R1000) index's Scope 1 & 2 emissions are generated by companies that make up <10% of the index by market cap. This means that investors can afford to take a tailored, company- and industry-specific approach to sustainability issues. (2/3)

[The Center for Active Stewardship @active_stewards]

To get our weekly news roundup sent straight to your inbox, you can subscribe at https://t.co/9SzYPkbBzN

[The Center for Active Stewardship @active_stewards]

Check out our latest weekly reading list where we take a hard look at the debate around @sciencetargets' potential guidance change around using environmental attribute certificates (EACs) for offsetting Scope 3 emissions, among other stories: https://t.co/cjJe1vhr5y

[The Center for Active Stewardship @active_stewards]

The recording is now live for the panel we hosted this week on "ESG's Second Act" with @leee_harris from @FT, @thisismichaelo from @L_Catterton, Marian Macindoe from @Parnassus_Funds, Jessica Whitt from @Barclays, and @nolan_lindquist from CAS.
https://t.co/aMseUgiIKl

[The Center for Active Stewardship @active_stewards]

Join us today at 1PM EST to hear about the current slate of climate shareholder proposals up for a vote this proxy season, and about the state of “ESG” more generally

[The Center for Active Stewardship @active_stewards]

Join us this Wednesday, April 17, for a panel discussion on ESG's Second Act.

Register: https://t.co/1ggz0iFgQr

with:
@leee_harris from @FT,
@thisismichaelo from @L_Catterton,
Marian Macindoe from @Parnassus_Funds,
Jessica Whitt from @Barclays, and
@nolan_lindquist from CAS.