The US Securities and Exchange Commission released a report examining the role of Climate Action 100+ in driving the election of dissenting directors at ExxonMobil's 2021 Annual Shareholders' Meeting. The SEC decided not to take enforcement action based on the information currently available. The SEC said it “has serious concerns about the actions of Climate Action 100+ members and other participants in these activities.” The SEC released the report to remind asset managers and investors considering joining organizations such as Climate Action 100+ that they must ensure that they meet beneficial ownership reporting requirements for the investor community. The SEC examined the relevant actions of BlackRock, State Street, and Pioneer during the ExxonMobil shareholder voting process.

The US Securities and Exchange Commission released a report examining the role of Climate Action 100+ in driving the election of dissenting directors at ExxonMobil's 2021 Annual Shareholders' Meeting. The SEC decided not to take enforcement action based on the information currently available. The SEC said it “has serious concerns about the actions of Climate Action 100+ members and other participants in these activities.” The SEC released the report to remind asset managers and investors considering joining organizations such as Climate Action 100+ that they must ensure that they meet beneficial ownership reporting requirements for the investor community. The SEC examined the relevant actions of BlackRock, State Street, and Pioneer during the ExxonMobil shareholder voting process.