Asset owners defend ESG voting even as asset managers take backseat

Some asset owners such as NZ Super restated their commitment to active voting strategies, even as consultants and some global asset managers clash over whether pursuing ESG through shareholder votes aligns with their fiduciary duty. “It is important that asset owners and managers acting on their behalf, support strong stewardship practices. This includes using engagement and voting to encourage companies to build climate resilience and a strong long-term brand and reputation,” Ann…