Funds in hurricane-prone locations 'more likely' to vote for environmental proposals

Funds in areas hit by a hurricane, or in hurricane-prone locations, were as much as 38% more likely to vote for eco-initiatives compared to areas that were not, the study found. Researchers Guosong Xu and Eliezer Fich speculate that such a lack of voting support is driven by stockholders' perception that climate-change is not an immediate concern. Xu said: "Climate change related proposals have increased steadily in recent years, reflecting growing investor demand for corporate accountability. However, despite their popularity, these proposals commonly receive insufficient support." ...