In anti-climactic fashion, first ‘anti-ESG’ shareholder proposal of 2024 fails (miserably)

Anti-E shareholder proposal at Costco (COST) failed to garner 2% support last week

Costco (COST) AGM results were filed this evening and revealed the anti-environmental shareholder proposal from National Center for Public Policy Research received just 1.9% support.

Proposal and board response from proxy:

Furthermore, Bowyer Research had filed an exempt solicitation in support of the proposal:

In 2023, Si2 noted that anti-ESG shareholder proposals received an average support of 2.4% (as of Q3). In 2024, there would be little surprise if anti-ESG shareholder proposals continued their basement-level support.

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