She said proxy votes against increased environmental disclosure by T. Rowe Price subsidiaries suggest the firm is not taking the issue seriously enough — especially given its stated policy, which commits it to making sustainability a factor in investment process. Shareholders in US investment company T. Rowe Price Group have sided with the firm, voting against a proposal to force the company to disclose its policy on climate change. Many reportedly felt it was unnecessary, believing that T. Rowe Price provides sufficient information. The proposal was brought by Massachusetts-based Zevin Asset Management, which holds $120,000 shares in T. Rowe Price, and markets itself as a socially-responsible company, regularly filing shareholder resolutions to force discussions about ethical issues. In an interview with CNBC, Zevin said he believes his firm has been unfairly singled out for criticism over its stance on climate change, but declined to comment further.
Shareholders in US investment company T. Rowe Price Group have sided with the firm, voting against a proposal to force the company to disclose its policy on climate change. Many reportedly felt it was unnecessary, believing that T. Rowe Price provides sufficient information. The proposal was brought by Massachusetts-based Zevin Asset Management, which holds $120,000 shares in T. Rowe Price, and markets itself as a socially-responsible company, regularly filing shareholder resolutions to force discussions about ethical issues. In an interview with CNBC, Zevin said he believes his firm has been unfairly singled out for criticism over its stance on climate change, but declined to comment further.