Proxy advisory firm ISS will no longer default to endorsing shareholder requests for company climate and diversity disclosures, a departure from a years-long policy that generally recommended voting for those measures.
Institutional Shareholder Services Inc. will instead evaluate disclosure requests for climate risk, emissions, diversity data, and more on a case-by-case basis for the 2026 proxy season, according to new proxy voting guidelines published Tuesday.
The new policy comes amid pressure from the Trump administration and other Republican leaders to curtail ESG-focused investment and recent news that the Federal Trade Commission has launched an antitrust probe into ISS and fellow ...