With 2022 another record year for environmental, social and governance (ESG) shareholder proposals in the US, the “S” in ESG is getting more attention from shareholders. One area that has emerged as a focus area is social justice concerns and calls for companies to conduct a racial equity and/or civil rights audit.

In this analysis, Thomas Bolger of Minerva Analytics examines trends identified in connection with racial justice audit shareholder requests in the 2021 and 2022 US proxy seasons.

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