As ‘geoeconomics’ moves into the forefront of corporate risk awareness, the effects are being felt at company level.

Major shareholder Calpers is ‘deeply concerned’, while proxy adviser Glass Lewis advises against reappointment of oil giant’s director.

Right-wing activists will continue to sue corporates over diversity, equity and inclusion policies they perceive as ‘woke’.

Rather than push for say-on-climate votes, unhappy shareholders tend to simply vote against the reappointment of directors, research finds.