ESG Crusade On Backburner As World Grapples With Energy Crisis

The ESG investment momentum has run up against energy supply disruptions since the Russian invasion of Ukraine.  As shareholders at the biggest energy companies are asked to vote—again—on various climate resolutions, many investors continue to call for more transparent and detailed plans for how firms intend to align with the Paris Agreement goals. Others, such as the world’s top asset manager, BlackRock, expect to support fewer shareholder proposals this AGM season compared to 2021 as it finds that climate-related shareholder…