Which of the following is most likely a success factor characteristic of the engagement approach?

For engagement to be effective, it must have clear, specific, and measurable objectives (Option C). Investors should establish well-defined ESG goals, such as reducing carbon emissions by 20% over five years or improving board diversity to at least 30% women. This ensures that engagement efforts can be tracked and measured for success.

Option A is incorrect because while larger investors have more influence, small investors can engage effectively through collaboration (e.g., Climate Action 100+).

Option B is incorrect because prior relationships with companies can be helpful but are not essential for engagement success.