InfluenceMap Adds Climate Lobbying Scorecard to CAS Platform
InfluenceMap Adds Climate Lobbying Scorecard to CAS Platform
— InfluenceMap’s Climate Lobbying scorecard is now live on the Center for Active Stewardship’s (CAS) Scorecards platform. The analysis examines how U.S. funds voted on 21 climate lobbying shareholder resolutions that InfluenceMap identified from the 2024 and 2025 proxy seasons. Only approximately 8% of U.S. funds’ dollar-weighted votes supported these climate lobbying proposals.
Why Corporate Climate Lobbying Matters
Corporate policy engagement, or lobbying, allows companies to influence the shape and pace of climate policy. A company can publish an ambitious net-zero target while its trade associations work to weaken the regulations that would make that target meaningful. As a result, many investors expect companies to provide material and decision-useful information on their climate policy engagement activities.
Shareholder resolutions are a powerful tool for investors to make these expectations clear to companies. Climate lobbying resolutions often request that the company:
- Commit to ensure all direct and indirect climate policy engagement is science-aligned, and that leadership is responsible for oversight.
- Assess policy engagement positions (including those of the company’s industry associations), identify misalignment with the goals of the Paris Agreement, and take action to address these.
- Publish a detailed annual review of direct and indirect climate policy engagement and spending.
About this Climate Lobbying Scorecard
Two sectors—banks and financial institutions; and heavy industry and transport—received most of the climate lobbying proposals in this analysis, with the remaining proposals being filed at companies in energy and utilities, technology and telecoms, and food.
The scorecard shows the aggregate level of support from each fund and fund family for these 21 climate lobbying proposals, covering every U.S.-registered ETF, mutual fund, and closed-end fund. Analysis of the scorecard finds:
- On a majority-of-shares basis, U.S. funds offered by the world’s largest asset managers—BlackRock, Vanguard, and Fidelity—supported none of the climate lobbying resolutions.1
- U.S. funds from other, generally smaller asset managers—including Parnassus, Catholic Responsible Investments, DWS, and Calvert—supported all resolutions they could have voted on.
About InfluenceMap
InfluenceMap is an independent non-profit think tank that produces data-driven analysis on how business and finance are affecting the climate crisis. Its LobbyMap platform assesses the climate policy engagement of over 1,000 of the world’s most influential companies and over 300 industry associations. The FinanceMap program examines how financial institutions’ stewardship and policy engagement activities line up with their public climate commitments. InfluenceMap’s work is used by investors, policymakers, journalists, and civil society worldwide.
About the Center for Active Stewardship (CAS)
CAS maintains the only free database of all proxy votes cast by U.S. ETFs, mutual funds, and closed-end funds. The Scorecards platform is part of CAS’s ongoing effort to democratize proxy voting data and empower asset owners to demand the best stewardship from their asset managers.
View InfluenceMap’s Climate Lobbying scorecard at scorecards.proxydata.org.
1 Support is assessed on a majority basis: a manager is counted as supporting a proposal if its funds collectively voted more shares in favor than against.
Media contact: info@activestewardship.org