How Trump’s war on climate and equity is impacting ‘woke investing’

Environmental-, social-, and governance-related shareholder proposals are down 34 percent this year as the Trump administration galvanizes the movement against “woke investing,” according to an annual report by the shareholder advocacy groups As You Sow and Proxy Impact.

The report counted 355 such proposals as of February 21, compared to 536 proposals filed by the same time last year. Wariness over anticipated changes at the Securities and Exchange Commission contributed to the decline...