Today, Chubb Ltd., one of the world’s leading insurers, announced shareholder support of 28.7% for a shareholder proposal calling on the insurer to measure and disclose greenhouse gas emissions (GHG) from its underwriting, insuring, and investment activities in high-carbon companies including fossil fuels. The resolution was filed by investor representative As You Sow and Green Century Capital Management.
Read MoreToday, Old Dominion Freight Line Inc., one of the largest North American trucking companies operating in 48 states, faces a shareholder vote on an Amalgamated Bank and As You Sow proposal calling for Old Dominion to adopt interim and long-term greenhouse gas reduction (GHG) targets to reach Net Zero emissions by 2050. The transportation sector plays a pivotal role in reaching the Paris Agreement’s goal as it is the highest emitting sector in the United States, with 24% of these emissions from ground freight transportation.
Read MoreToday, shareholders will vote on a shareholder proposal at Cummins’ Annual General Meeting asking the Company to disclose a plan linking its CEO pay to the Company’s GHG emission reduction goals. Cummins, a global engine and power equipment manufacturer, is ranked among the highest emitters in the transportation sector. The proposal was filed by shareholder representative As You Sow.
Read MoreMajor defense contractors Lockheed Martin and RTX (formerly Raytheon Technologies) announced Annual General Meeting vote totals for two climate proposals filed by As You Sow. Thirty-two percent of Lockheed shareholders and 25% of Raytheon shareholders supported proposals requesting the companies disclose plans to reduce full value chain emissions to align with the Paris Agreement's 1.5°C goal, mirroring strong support for similar proposals in 2023.
Read MoreShareholder representative As You Sow today released its 2024 “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report, grading 100 of the largest U.S. companies on their CEO climate-related pay incentives and their ability to drive greenhouse gas emission reductions. The report finds that while pay incentives can be powerful motivators, they need to be quantifiable, significant, and linked to robust climate goals.
Read MoreExxonMobil Corporation recently released its 2024 proxy statement, which includes a United Church Funds shareholder proposal requesting that Exxon report on how a reduced demand for virgin plastic would impact the company’s financial position. The proponent designated As You Sow as its representative.
Read MoreCitibank today released a climate report containing information on its energy and power clients’ climate transition progress. This information was provided in response to a shareholder proposal filed with Citi this year by As You Sow. The proposal asked Citi to disclose, for each of its sectors with a Net Zero-aligned 2030 target, the proportion of sector emissions attributable to clients that are not aligned with a credible Net Zero pathway and any actions it proposes for shortfalls.
Read MoreTesla and General Motors shareholders are calling for a deep-sea mining commitment in two novel biodiversity proposals filed by As You Sow. Tesla and General Motors have yet to state their position on the issue in stark opposition to peers BMW, Volvo, Volkswagen, Rivian, and Renault. As world leaders and economic titans gather at Davos, biodiversity protection and the risks of deep-sea mining are topics of growing importance.
Read MoreToday, TIME named Danielle Fugere, As You Sow’s president and chief counsel, on the inaugural “TIME100 Climate” list, which recognizes the 100 most innovative leaders driving business climate action. With 30 years of experience spearheading innovative and effective climate strategies to positively influence corporate action, she joins an accomplished roster of climate leaders.
Read MoreAs You Sow released its second annual Road to Zero Emissions Report today grading the largest 100 U.S. companies on their progress toward net zero. Compared to last year’s report, 66% of the companies improved their overall grade. However, many still lack value-chain (Scope 3) emissions disclosure and actions demonstrating progress in achieving the emissions reductions necessary to align with global 1.5°C goals.
Read MoreThe California State Legislature passed SB 253 yesterday, which would require Scope 1, 2, and 3 emissions disclosures from all companies operating in California with more than $1 billion in revenue. SB 253 now heads to the Governor for signature.
Read MoreWhile delegates from 180 countries debated a global treaty to combat plastic pollution that might include plastic production caps, one-quarter (25.3%) of ExxonMobil shareholders representing $66.7 billion supported a resolution filed by As You Sow asking the company to study how a one-third cut in demand for virgin single-use plastic would affect its financial position at the company’s recent annual meeting.
Read MoreToday, 18% of ExxonMobil and Chevron’s shareholders voted in favor of resolutions calling on the companies to begin accurately disclosing the role of asset transfers in their reported greenhouse gas emissions reductions.
Read MoreAt the May 31 annual shareholder meetings of ExxonMobil and Chevron, the two largest American oil and gas companies, shareholders will vote on a resolution asking each company to begin accurately disclosing the role of asset transfers in their reported greenhouse gas emissions reductions.
Read MoreToday at the annual general meeting of power and gas utility Southern Company announced that 20% of investors voted in favor of a shareholder resolution filed by As You Sow, based on a preliminary vote count.
Read MoreChubb Insurance released proxy voting results showing that nearly 30% of shareholders voted in favor of a climate-related resolution filed by As You Sow asking the insurer to report on how it intends to align its underwriting and investment activities with global greenhouse gas reduction goals.
Read MoreToday, JPMorgan Chase released final vote results for a first-time shareholder resolution filed by investor representative As You Sow, asking the company to provide an actionable climate transition plan outlining how it will achieve its 2030 net zero greenhouse gas emission reduction goals.
Read MoreFollowing As You Sow’s and Amalgamated Bank’s 2022 management-supported shareholder proposal on net zero target setting, Caterpillar Inc. has released its first annual “Taskforce on Climate-related Financial Disclosures Report” report and an estimate of the company’s Scope 3 greenhouse gas emissions.
Read MoreShareholders voted on As You Sow climate transition planning resolutions at major defense contractors Lockheed Martin and Raytheon.
Read MoreTuesday at the annual general meeting of Public Storage investors voted on a shareholder resolution filed by Amalgamated Bank with support from shareholder representative As You Sow.
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