US asset managers are dropping the ball on key biodiversity resolutions
Asset manager votes on key biodiversity resolutions in 2024: resolution at Tyson Foods called on company to accelerate efforts to combat deforestation (received 3.3% support); resolutions at Home Depot & PepsiCo called on company to conduct biodiversity impact assessments (in line with TNFD requirements - 16.1% and 18.4% support, respectively).
| BlackRock | Yes | United States | Against | Against | Against |
|---|---|---|---|---|---|
| Vanguard | No | United States | Against | Against | Against |
| State Street Global Advisors | Yes | United States | Against | Against | Against |
| Morgan Stanley Investment Management | No | United States | Against | For | For |
| Charles Schwab | No | United States | Against | Against | Against |
| Fidelity Investments | No | United States | Against | Against | Split vote |
| Nuveen | No | United States | Against | Against | Against |
| T.Rowe Price | Yes | United States | Against | Against | Against |
| Wellington Management | Yes | United States | For | For | Against |
| Dimensional Fund Advisors | No | United States | Against | Against | Against |
| Royal London Asset Management | Yes | United Kingdom | Abstain | For | For |
| J.P. Morgan Asset Management | Yes | United Kingdom | Against | Split vote | Against |
| Legal & General Investment Management | Yes | United Kingdom | For | For | For |
| HSBC Asset Management | Yes | United Kingdom | Against | For | For |
| UBS Asset Management | Yes | Switzerland | For | Against | Against |
| DWS | Yes | Germany | For | For | For |
| Allianz Global Investors | Yes | Germany | For | For | For |
| Amundi Asset Management | Yes | France | For | For | For |
| BNP Paribas Asset Management | Yes | France | For | For | For |
| Nordea Asset Managment | Yes | Finland | For | For | For |
