The rise of ESG criteria, an unprecedented change

In this article published in Social Investor, the first Spanish-language publication on ESG investments and sustainability strategies in listed companies, owned by ED Group,  Borja Miranda Johansson, Head of M&A and Activism for Europe and Latin America, analyzes the market trends and the rise of ESG criteria. In particular the article focuses on their implications in the General Shareholder Meetings, providing an overview from their origins to potential perspectives in the near future.

''The 2020 General Shareholder Meetings demonstrated that more and more investors are willing to vote against climate inaction," says Borja Miranda,  "at the last proxy season, the resolutions related to environmental issues represented 56% of the total and their number has increased by 29% since 2018," adds Borja Miranda.

Main global investors, such as BlackRock, Vanguard and State Street, backed resolutions on climate change  in 2020 (+31,6%). In particular Vanguard expects that the Boards of Directors will include professionals with background specialised in climate change matters.

Click here to read the entire article (in Spanish).