A shareholder proposal related to greenhouse gas emission targets at Shell Plc saw the investor aligning with management, explaining that while the company's strategy has "evolved" under the new CEO, it still "sufficiently retains the core components of a Paris-aligned transition plan." The fund - which owns stakes in over 8,800 companies worldwide - has been stepping up efforts to use voting as a tool to influence companies, specifically on issues related to climate change, gender diversity on boards and executive pay. In 2021, it started issuing voting intentions five days ahead of annual general meetings and last year began submitting its own shareholder proposals.