Public-company shareholders were bombarded by environmental, social and governance proposals in the 2023 proxy season. But a study by the EY Center for Board Matters found shareholders were a lot pickier in choosing from the menu, a reflection of soaring anti-ESG sentiment and how politicized the topic has become.

The study found that the number of ESG proposals receiving 50% or higher support tumbled from 36 (12.4%) in 2022 to seven (2.4%) this year.

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