Publications
Publications
- April 2023
- HBS Case Collection
Strive Asset Management
By: Suraj Srinivasan, Lynn S. Paine and Aldo Sesia
Abstract
Strive Asset Management, which launched in 2022, was actively targeting several leading U.S. companies in the upcoming 2023 proxy voting season to stop acquiescing to those large asset managers and other institutional shareholders who were pressing those companies to take actions with regards to their environmental and societal concerns. Strive believed that responding to these demands was a distraction and did not increase shareholder value. The case describes the environment, social, and governance (ESG) movement, including the increasing role of shareholder resolutions to address ESG concerns, and the role large asset managers (BlackRock Inc., State Street Global Advisors, and Vanguard Group) were playing in driving ESG agendas.
Keywords
ESG; Shareholder Activism; Asset Management; Investment Funds; Corporate Governance; Risk Management; Climate Change; Diversity; Equity; Financial Services Industry; United States
Citation
Srinivasan, Suraj, Lynn S. Paine, and Aldo Sesia. "Strive Asset Management." Harvard Business School Case 123-088, April 2023.