It was a quiet 2020 proxy season for investor activists because of the pandemic, but last year still brought with it heightened attention to environmental activist campaigns whose growing scope and influence promise to spill well beyond 2021.

Large institutional investors are increasingly voicing their support of these efforts, forcing companies across all industries to respond accordingly. For senior leadership teams and boards, recent events serve both as a wake-up call and an opportunity to reassess how their environmental initiatives align with long-term shareholder value.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...