A total of 1,026 investor activist campaigns launched in 2022, which is now the highest yearly total on record. Campaigns with an ESG component accounted for 81% of the 2022 total, the highest figure in the last five years. Communication Services saw the highest increase in ESG activist campaigns by sector from 2018 to 2022 with a 163% jump, followed by Consumer Staples (+157%) and Industrials (121%). While the number of ESG-related investor activist campaigns have increased over the past four years, the rate at which those initiatives succeeded or settled decreased in 2022.

https://www.spglobal.com/marketintelligence/en/news-insights/blog/investor-activism-campaigns-hit-record-high-in-2022

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