ICCR's Proxy Resolutions and Voting Guide

ICCR has published the Proxy Resolutions and Voting Guide annually since 1974. Our 2021 Proxy Resolutions and Voting Guide presents the 244 resolutions filed by ICCR members — whether as lead or co-filer — as of February 21. You can view our live list of current resolutions here.

If you are an investor, we invite you to read our proposals and support those that you can by voting YES on your company's annual proxy ballot.

2021 Proxy Season Trends

ICCR’s Proxy Resolutions and Voting Guide presents ICCR member-sponsored resolutions — both as lead- and co-filer — for 2021 corporate proxies, as of February 21. The majority of these proposals will go to a vote at company annual meetings this spring. Some proposals, however, have been challenged by companies or withdrawn by their proponents. If you are an investor, we invite you to read these proposals and vote your proxies in support of those resolutions you can. Note that any un-voted proxies are considered abstentions and are counted as votes for management by default, so we strongly urge you to practice “active ownership” by voting your proxies every year.

ICCR members have filed 251 resolutions at 148 companies for 2021 corporate proxies. To date, 51 resolutions have been successfully withdrawn for agreement.   

In terms of the issues raised, at 64 proposals, resolutions addressing racial justice and diversity are the most numerous this year, up 50 percent from last year. Climate-related proposals are the second most numerous at 53, and proposals addressing human rights & worker rights are the third largest group, with 37.

Noteworthy Trends:

  • Rising racial justice concerns shape investor priorities. Diversity and racial justice have been key engagement issues since ICCR’s founding. This past year – spurred by the rise of the Black Lives Matter (BLM) movement – they have grown to be the largest category of resolutions, at 64 – increasing 50 percent over 2020. In June of 2020, a broad coalition of investors had committed themselves to addressing systemic racism through their portfolios; many of this year’s resolutions take direct aim at workplace policies that reinforce racism in company culture and throughout society.
  • The far-reaching impact of COVID. Altogether, 44 resolutions this year address the pandemic’s widespread, long-lasting impacts across multiple sectors, through calls to prohibit price-gouging on COVID-19 vaccines, and for the implementation of paid sick leave (PSL) as a standard U.S. employee benefit. While some companies provided temporary PSL for employees at the height of the pandemic, many companies in low-wage sectors have not adopted permanent PSL policies to adequately protect their workers, an area of much concern for investors. There were additional mentions of the pandemic’s impacts in inclusiveness, governance, and lobbying resolutions.
  • Amazon once again the target of multiple shareholder resolutions for ESG failures. Amazon’s unrivaled global impact has grown explosively during the pandemic, further increasing its multiple environmental and social risks. ICCR members filed nine proposals at Amazon – more than they sent to any other company this year, matching the number they sent the company last year. The proposals call for a civil rights and diversity audit, enhanced customer due diligence, action on hate speech and more. Amazon is seeking to block six of these from its proxy.
  • New strategies emerge to confront the climate crisis. In the wake of the U.S.’ rejoining of the Paris Climate Accord and GM’s announcement of an ambitious plan to sell only zero-emissions vehicles by 2035, corporate lobbying against climate-forward legislation now appears both backwards and fraught with risk. New resolutions are asking companies to evaluate whether their lobbying activities align with the Paris Agreement’s goal of limiting global temperature rise to 1.5°C. Another new resolution asks companies to provide shareholders with the opportunity for an advisory vote on the company's climate policies and strategies
  • Capitol attack dramatically underscores risks in tech sector, corporate political spending. Social media companies have come under widespread and well-deserved criticisms for their failure to adequately manage and stop the spread of online hate speech, gross disinformation, conspiracy theories, and incitement of violent extremism, including racist violence. More broadly, the tech sector faces a difficult future in which it must navigate a path between support of a free and open society, and active facilitation of hate speech and violence. Twenty resolutions were sent to companies in the tech sector this year.  On the heels of the January 6 attack and subsequent refusal by 147 members of Congress to certify the results of the Presidential election, many companies took the unprecedented step of temporarily halting their political spending. Ten resolutions this year tackle corporate political spending 

New Topics this Year

Access to Covid-19 Products
Banking the Bomb
Company Policies Reinforcing Racism
Diverse Candidate Search Policy
Executive Remuneration Indicator
Indigenous Relations
Paid Sick Leave
Partnerships with Local Police
Racial Equity Audit/Analysis
Reduce PFAS
Shareholder Advisory Votes on Climate Change
Starting Pay and Racial Equity