Exxon Investors Rally to Back Climate Change Plan Board Opposes
- BlackRock, Vanguard consider voting for shareholder proposal
- Almost 90 investors have pre-declared support for effort
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Almost 90 Exxon Mobil Corp. investors plan to back a proposal that would pressure the company to bolster its disclosure of climate change risks and opportunities.
The shareholders include the New York State and city pension funds and the California Public Employees’ Retirement System, according to data compiled by investor advocacy group Ceres. Vanguard is evaluating the proposal in line with its proxy policies.