ICCR members ask companies to mitgate their adverse environmental and social impacts.
One of the key levers we use to produce this change is the filing of shareholder proposals. When shareholders file a resolution, companies often reach out to discuss the proposal. If the company commits to implementing the proposal’s main requests, the proponents will withdraw it.
Every year ICCR members negotiate over one hundred of these agreements. In the 2023 proxy season alone, they reached agreements for 122 proposals. The majority of these centered on racial justice/DEI (40) and climate issues (37).
Examples of Corporate Change in 2023
the percent of resolutions calling for greater disclosure of material DEI data that our members withdrew for corporate commitments in 2023.
the percent of climate transition plan resolutions that our members withdrew for corporate commitments in 2023.
the number of ICCR member resolutions winning majority support in 2023.