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Microsoft shareholder proposals 2025

What shareholders asked Microsoft to do, and how the funds holding Americans’ retirement savings voted on it: the funds in the 401(k) plans we index and the most widely held funds beyond them, with the filing behind every vote.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Data Operations in Human Rights Hotspots”

13 of 228 funds we track voted for it.

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Human Rights Due Diligence”

11 of 226 funds we track voted for it.

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Social

European Security Program Censorship Risk Audit

“European Security Program Censorship Risk Audit”

12 of 173 funds we track voted for it.

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on Risks of Censorship in Generative Artificial Intelligence”

12 of 139 funds we track voted for it.

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Social

Report on Al Data Usage Oversight

“Report on Al Data Usage Oversight”

3 of 117 funds we track voted for it.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Data Operations in Human Rights Hotspots”

2 of 19 funds we track voted for it.

FundVoteShares voted
iShares Core S&P 500 ETF AGAINST 91,084,882
+142,617 cast another way
iShares Russell 1000 Growth ETF AGAINST 27,197,446
iShares Core S&P Total U.S. Stock Market ETF AGAINST 8,917,728
iShares S&P 500 Growth ETF AGAINST 8,155,766
iShares MSCI USA Quality Factor ETF AGAINST 6,471,340
iShares S&P 500 Value ETF AGAINST 5,740,993
iShares Russell 1000 ETF AGAINST 5,293,527
Harbor Capital Appreciation Fund AGAINST 4,039,960
iShares Core S&P U.S. Growth ETF AGAINST 2,998,982
iShares Core S&P U.S. Value ETF AGAINST 2,955,242
iShares Core Dividend Growth ETF AGAINST 2,025,061
500 Index Trust FOR 1,543,247
Blackrock Global Allocation Fund, Inc. AGAINST 934,743
AMG Yacktman Fund AGAINST 620,000

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Human Rights Due Diligence”

2 of 16 funds we track voted for it.

FundVoteShares voted
iShares Core S&P 500 ETF AGAINST 91,084,882
+142,617 cast another way
iShares Russell 1000 Growth ETF AGAINST 27,197,446
iShares Core S&P Total U.S. Stock Market ETF AGAINST 8,917,728
iShares S&P 500 Growth ETF AGAINST 8,155,766
iShares MSCI USA Quality Factor ETF AGAINST 6,471,340
iShares Russell 1000 ETF AGAINST 5,293,527
Harbor Capital Appreciation Fund AGAINST 4,039,960
iShares Core S&P U.S. Growth ETF AGAINST 2,998,982
500 Index Trust FOR 1,543,247
Blackrock Global Allocation Fund, Inc. AGAINST 934,743
AMG Yacktman Fund AGAINST 620,000
Blue Chip Growth Trust AGAINST 563,225
Blackrock Balanced Fund, Inc. AGAINST 94,275
Carillon Eagle Growth & Income Fund FOR 51,498

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Social

European Security Program Censorship Risk Audit

“European Security Program Censorship Risk Audit”

0 of 16 funds we track voted for it.

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on Risks of Censorship in Generative Artificial Intelligence”

0 of 16 funds we track voted for it.

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on AI Data Usage Oversight”

1 of 9 funds we track voted for it.

FundVoteShares voted
iShares Core S&P 500 ETF AGAINST 91,044,820
+182,679 cast another way
iShares Russell 1000 Growth ETF AGAINST 27,197,446
iShares Core S&P Total U.S. Stock Market ETF AGAINST 8,917,728
iShares MSCI USA Quality Factor ETF AGAINST 6,471,340
iShares Russell 1000 ETF AGAINST 5,293,527
Harbor Capital Appreciation Fund AGAINST 4,039,960
500 Index Trust AGAINST 1,543,247
Blue Chip Growth Trust AGAINST 563,225
The Chesapeake Growth Fund FOR 5,783

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Data Operations in Human Rights Hotspots”

0 of 1 funds we track voted for it.

FundVoteShares voted
Dodge & Cox Stock Fund AGAINST 4,910,700

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Human Rights Due Diligence”

0 of 1 funds we track voted for it.

FundVoteShares voted
Dodge & Cox Stock Fund AGAINST 4,910,700

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Data Operations in Human Rights Hotspots”

1 of 4 funds we track voted for it.

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Human Rights Due Diligence”

1 of 4 funds we track voted for it.

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Social

European Security Program Censorship Risk Audit

“European Security Program Censorship Risk Audit”

0 of 4 funds we track voted for it.

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on Risks of Censorship in Generative Artificial Intelligence”

0 of 5 funds we track voted for it.

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Social

Report on Al Data Usage Oversight

“Report on Al Data Usage Oversight”

0 of 4 funds we track voted for it.

10 December 2024 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Data Operations in Human Rights Hotspots”

0 of 1 funds we track voted for it.

FundVoteShares voted
Fidelity Advisor Balanced Fund AGAINST 1,138,500

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

10 December 2024 · put on the ballot by shareholder · Social

Should Microsoft report on the risks of what it builds?

Shareholders asked for a report on the human rights and reputational risks arising from the company’s weapons-related products or the customers it sells them to.

“Report on Risks of Weapons Development”

0 of 1 funds we track voted for it.

FundVoteShares voted
Fidelity Advisor Balanced Fund AGAINST 1,138,500

10 December 2024 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on AI Misinformation and Disinformation”

0 of 1 funds we track voted for it.

FundVoteShares voted
Fidelity Advisor Balanced Fund AGAINST 1,138,500

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

10 December 2024 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on AI Data Sourcing Accountability”

1 of 1 funds we track voted for it.

FundVoteShares voted
Fidelity Advisor Balanced Fund FOR 1,138,500

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

10 December 2024 · put on the ballot by shareholder · Social

Assessment of Investing in Bitcoin

“Assessment of Investing in Bitcoin”

0 of 1 funds we track voted for it.

FundVoteShares voted
Fidelity Advisor Balanced Fund AGAINST 1,138,500

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Data Operations in Human Rights Hotspots”

0 of 1 funds we track voted for it.

FundVoteShares voted
Vanguard International Growth Fund AGAINST 954,651

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Human Rights Due Diligence”

0 of 1 funds we track voted for it.

FundVoteShares voted
Vanguard International Growth Fund AGAINST 954,651

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Social

European Security Program Censorship Risk Audit

“European Security Program Censorship Risk Audit”

0 of 1 funds we track voted for it.

FundVoteShares voted
Vanguard International Growth Fund AGAINST 954,651

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on Risks of Censorship in Generative Artificial Intelligence”

0 of 1 funds we track voted for it.

FundVoteShares voted
Vanguard International Growth Fund AGAINST 954,651

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on AI Data Usage Oversight”

0 of 1 funds we track voted for it.

FundVoteShares voted
Vanguard International Growth Fund AGAINST 954,651

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on AI Data Usage Oversight”

0 of 7 funds we track voted for it.

FundVoteShares voted
Schwab S&P 500 Index Fund AGAINST 16,624,869
Schwab U.S. Large-Cap Growth ETF AGAINST 9,556,471
Vanguard U.S. Growth Fund AGAINST 8,649,090
Schwab U.S. Large-Cap ETF AGAINST 7,457,362
Vanguard Dividend Growth Fund AGAINST 4,416,348
Schwab U.S. Broad Market ETF AGAINST 4,285,592
Schwab S&P 500 Index Portfolio AGAINST 385,867

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Report on Risks of Operating in Countries with Significant Human Rights Concerns”

1 of 1 funds we track voted for it.

FundVoteShares voted
Large Cap Value Portfolio I FOR 417

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Workforce & human rights

Should Microsoft assess the human rights risks its own operations create?

Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.

“Human Rights Risk Assessment”

1 of 1 funds we track voted for it.

FundVoteShares voted
Large Cap Value Portfolio I FOR 417

The same proposal was put to Meta Platforms, Palantir Technologies, PepsiCo, Chevron, General Motors, Albertsons.

5 December 2025 · put on the ballot by shareholder · Social

Report on Risks of Microsoft's ESP being Utilized for Censorship of Legitimate Speech

“Report on Risks of Microsoft's ESP being Utilized for Censorship of Legitimate Speech”

0 of 1 funds we track voted for it.

FundVoteShares voted
Large Cap Value Portfolio I AGAINST 417

5 December 2025 · put on the ballot by shareholder · Social

Should Microsoft account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

“Report on AI Data Usage Oversight”

0 of 1 funds we track voted for it.

FundVoteShares voted
Large Cap Value Portfolio I AGAINST 417

The same proposal was put to Alphabet, Walmart, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.

5 December 2025 · put on the ballot by shareholder · Social

Report on Al and Machine Learning Tools for Oil and Gas Development and Production

“Report on Al and Machine Learning Tools for Oil and Gas Development and Production”

0 of 1 funds we track voted for it.

FundVoteShares voted
Janus Henderson International Dividend Fund AGAINST 10,539

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