LONDON – The shareholder meetings of retailers in the textile industry are too focused on governance, to the exclusion of environmental and social proposals, according to a new study by the Planet Tracker financial think tank.
Researchers examined 1,198 ESG (environmental, social, and governance) proposals submitted to the annual shareholder meetings of 350 publicly listed retailers – including H&M, Inditex, Adidas, Fast Retailing and Gap – in the textiles sector since 2015.
They found that the overwhelming majority – 87 per cent – related to ‘governance’ issues, while only 11 per cent were ‘social’ proposals and just two per cent related to ‘environmental’ concerns.
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