Put another way, "mainstream U.S. mutual fund" firms supported climate change resolutions nearly 24 percent of the time, a large increase over the 14.7 percent level at which they supported similar resolutions in 2007.
A recent Ceres' report said:
"The increased support mirrors rising overall investor support for climate change resolutions in recent years. It comes as the business case for supporting climate-related resolutions is increasingly clear, as regulation of greenhouse gas emissions is now a reality in many regions of the U.S. and federal regulations are a strong possibility.Among the leading mutual fund firms voting in favor of climate change resolutions were:
"When fund companies vote against climate resolutions it raises serious questions about whether they are violating their fiduciary duty by not representing their customers' long-term financial interests. That's because climate change can pose major financial risks to the companies the funds invest in."
- Charles Schwab
- Credit Suisse