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January 20, 2017
Investors Challenge Mutual Funds on Proxy Voting
Sustainable investment firms respond to update by Ceres by pressuring mutual funds on their proxy voting records relating to climate change. Second in a two-part series.
When Ceres recently updated its annual tally of mutual fund voting on climate change
resolutions, there was—as Timothy Smith of Walden Asset Management recently wrote in an email—signs
of improvement. “Two or three years ago companies like State Street and Northern Trust voted
against all climate resolutions and now they support a healthy percent of them,” Smith observed.
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