Shareholder support for ESG proposals crumbles at U.S. companies

BlackRock CEO says the word has become 'entirely weaponized'

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Shareholder backing for environmental proposals has fallen at U.S. companies this year. © Reuters

KENTARO TSUTSUMI, Nikkei staff writer

TOKYO -- Shareholder support in the U.S. for environmental, social and governance proposals has dropped as demands for corporate action grow more divisive, with critics pointing to politicization of the ESG investment concept.

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