Organizing economic power for a just and sustainable future
What We Do
Majority Action operates at the intersections of capital markets, corporate accountability, and social movements because we believe capital strategies must be part of the movement for change. We organize with investors and communities on the ground to build a fair and balanced economy—changing systems to work for all of us.
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Emerging Technologies, Evolving Responsibilities:
Why Investors Must Act to Mitigate AI’s System-Level Impacts
Artificial Intelligence holds the promise of mitigating climate risks, improving the future of work, and strengthening democracy. But that promise will only be realized if the companies driving AI—and the investors backing them—align responsibility with innovation. Without guardrails, Big Tech’s AI boom and the massive data-center expansion it requires, will accelerate climate change, deepen inequality, and erode democratic institutions.
Majority Action’s new report- 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.
Inside the report you’ll find:
An analysis of the system-level risks exacerbated by AI expansion: climate change, inequality, and democratic backsliding.
A case study of xAI’s Colossus data center expansion in south Memphis, its environmental justice impacts on local communities, and how workers’ pensions are indirectly financing this unbridled expansion
A call to action for universal owners to adopt comprehensive AI guardrails: investment principles that articulate a vision and set standards for responsible AI use
Majority Action and our partners are launching an advisory group to co-develop responsible AI investment principles and a roadmap for implementation. Reach out to us at info@majorityact.org to get involved!
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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.
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Katrina @20 Webinar
Capital, Climate, and Justice in the Wake of Disaster
Twenty years after Hurricane Katrina the stakes for capital, climate, and justice are higher than ever. Katrina was not just a humanitarian crisis and natural disaster, it became a blueprint for disaster capitalism, where public were dismantled, workers exploited, and communities left unprotected. The result: long-term risks embedded in markets and portfolios, and a legacy investors must reckon with to avoid repeating.
Today, as climate impacts accelerate and racialized economic inequities deepen, responsible investors face a critical choice: to continue the cycle, or change it. -
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Inequity Debrief
Majority Action analyzed how shareholder proposals related to freedom of association and collective bargaining, lobbying, political spending, workplace racial and gender equity, workplace safety and working conditions, and technology guardrails performed in the 2025 proxy season relative to previous years.
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Equity in the Boardroom
This report analyzes the 2024 proxy voting performance of the world’s largest asset managers on issues related to inequality and systemic racism.
It examines how the “Big Four” – BlackRock, State Street, Vanguard, and Fidelity (as well as Geode, Fidelity’s index fund manager) – voted on 70 shareholder proposals across five categories – freedom of association, workplace safety, racial and gender equity in the workplace, the future of work, and corporate political transparency – that are key to mitigating inequality-related risks and creating a fair and resilient economy rooted in broad-based, inclusive growth. The report also explores the divergence in proxy voting between the largest managers of U.S. defined benefit assets – BlackRock and State Street – and the largest U.S. public pensions, which are among their largest and most important clients.
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Climate in the Boardroom
This report examines the climate proxy voting of the four largest asset managers during the 2024 shareholder season.
It examines how the Big Four asset managers voted on climate shareholder proposals and key climate director elections, takes a deeper dive into the climate voting performance of their ESG-marketed funds, and looks at the divergence between the ten largest public pension plans and the two largest asset managers of defined benefit assets.
