Vanguard’s support for environmental and social (E&S) shareholder proposals in the first half of 2021 more than doubled from the same period last year, according to the investment giant’s 2021 semi-annual report, published Friday.

The world’s second-largest fund manager supported 20% of E&S shareholder proposals it voted on in the first half of 2021 compared to 6% in the first half of 2020, according to its latest report.

Climate risk “featured prominently in the first half of the year,” with Vanguard supporting 37% of environmental shareholder proposals subject to a vote, the report revealed.

Nineteen of the 23 “say on climate” proposals put to a vote, by both management and shareholders, were supported by the fund manager. Going forward, Vanguard will continue to evaluate “say on climate” proposals on a case-by-case basis and approve management proposals that “demonstrate progress, clear disclosure, and in-depth targets.”

In comparison, Vanguard supported 6.4% and 11.2% of environmental shareholder proposals in 2019 and 2020, respectively, according to Proxy Insight Online data.

Vanguard engaged with 305 companies on diversity in the first half of 2021, compared to 71 in the first half of 2020, observing that in both the U.S. and Europe many companies were “showing good progress on their diversity and inclusion disclosures.”

Where the fund manager “failed to identify progress,” voting action was taken against directors responsible for diversity policies.

Vanguard supported 50% of workforce diversity shareholder proposals subject to a vote in the first half of 2021, the report revealed. This increase in support was attributable to “clarity that workforce disclosure in EE0-1 format is reasonable and valuable to investors,” Vanguard said.

Proxy Insight Online data reveals that Vanguard supported 25% and 36.4% of diversity shareholders proposals in 2019 and 2020, respectively.

This renewed focus on diversity was also reflected in Vanguard’s support for director elections. The fund manager supported 91% of directors in the first half of 2021, compared to 93% in the first half of 2021, according to the report.

The fund manager also supported a smaller number of remuneration proposals this year, voting in favor of 87% of management “say on pay” votes, compared to 91% in the first half of 2020. This was primarily due to “non-support of certain pandemic-related pay adjustments.”

With the implementation of the Shareholder Rights Director II (SRD II) in Europe, mandating companies provide shareholders with advisory “say on pay” proposals at annual meetings, Vanguard noted that the number of remuneration-related votes in Europe “increased significantly” but the quality of disclosure “still left room for improvement.”

Vanguard engaged with companies to ensure pay “continued to be aligned with performance” and, where this was not the case, took voting action against the remuneration report.