AI Accountability
If left unchecked, artificial intelligence threatens to drive system-level risks: climate pollution—if new computing is powered by fossil fuels— rising inequality—related to erosion of workers' rights— and increasing authoritarianism—by supercharging disinformation and voter suppression. Investors should adopt strong principles guiding their investment, engagement and proxy voting concerning AI-related firms, including in the technology, retail, fossil fuel and power sectors. Majority Action is working with investors to provide resolutions, analysis and recommendations on this crucial issue.
Emerging Technologies, Evolving Responsibilities:
AI Stewardship in Motion:
How First-Mover Asset Owners and Asset Managers are Responding to AI Risks
While investors have been quick to embrace AI’s investment upside, they have been slower to update their stewardship priorities to respond to the technology’s unprecedented threats. But some asset managers and asset owners on both sides of the Atlantic are leading on the emergent project of AI-related stewardship. AI Stewardship in Motion: How First-Mover Asset Owners and Asset Managers are Responding to AI Risks highlights how first-mover institutional investors are retooling stewardship frameworks, proxy voting guidelines, issuer expectations, and engagement priorities in response to the AI revolution.
Emerging Technologies, Evolving Responsibilities:
AI in the Boardroom:
Stewarding Workers’ Capital in the Age of System-Level AI Risk
AI in the Boardroom examines how the largest index funds and public pension funds—stewards of hundreds of millions of workers' retirement savings—voted on shareholder proposals addressing AI-related risks during the 2025 proxy season. The report analyzes proxy voting at technology, energy, and infrastructure companies driving AI development, focusing on proposals that raised concerns around board oversight of human rights harms, data center energy and water demands, AI data practices, and high-risk applications in surveillance, military operations, and algorithmic management. Our analysis reveals that the largest index funds controlling the vast majority of workers' capital were the least supportive of AI governance proposals, despite their heightened exposure to the long-term threats AI poses to economic stability, democratic institutions, and shared prosperity.
Investor + Community Oversight of xAI’s Data-Center Buildout
We are part of a larger effort to organize a cross-sector effort of frontline communities, labor leaders, and responsible investors, to challenge harmful AI infrastructure and establish stronger national investment standards for the AI era.
Emerging Technologies, Evolving Responsibilities:
Why Investors Must Act to Mitigate AI’s System-Level Impacts
Emerging Technologies, Evolving Responsibilities: Why Investors Must Act to Mitigate AI’s System-Level Impacts highlights how unprecedented AI development is creating non-diversifiable, system-level risks that threaten long-term returns and shared prosperity, and presents actionable steps universal owners can take to adopt responsible AI guardrails and protect long-term value.
This short brief highlights the key findings of Emerging Technologies, Evolving Responsibilities, outlining AI’s system-level risks and their implications for investors. It highlights actionable steps universal owners can take to adopt responsible AI guardrails and protect long-term value.
Public pension funds have invested hundreds of millions of dollars into xAI through venture capital firms, indirectly financing the company's unabated carbon emissions and poisoning of Black and Brown communities in the American South. Read our Case Study- How Workers' Pensions are Fueling xAI's Growth, to learn more about xAI's harms and what pension funds can do to be responsible stewards of AI innovation."
Amazon Resolution: 2025 Proxy Season
In the 2025 proxy season, Majority Action worked with Amazon Employees for Climate Justice (AECJ) to lead an impactful climate shareholder resolution at Amazon. Calling on the company to report on how it will meet its climate commitments given its massive data center expansion plans, the proposal garnered support from 20% of shareholders, making it one of the season's most successful environmental resolutions and clearly demonstrating investors' concern about this issue.
→ Majority Action's exempt solicitation, filed with the SEC
→ Majority Action's statement on the success of the resolution