ImpactAlpha, May 22 – Climate risk. Worker safety. Executive pay. The stalwart shareholder advocacy group has a resolution for that.
Corporations holding annual general meetings this month are well familiar with two particularly attentive shareholders: Andrew Behar and Danielle Fugere of As You Sow. Along with groups like CERES and the Interfaith Center for Corporate Responsibility, the Berkeley, Calif., nonprofit has taken the lead in engaging corporations on issues from carbon footprints to workforce treatment.
When engagement fails, resolutions often follow. The nonbinding shareholder requests “are about bringing new ideas to the public forum,” says Behar. Even a low vote can seed change. The prescience of the approach came into focus this week as floodwaters overtook a Dow chemical facility in Midland, Michigan, threatening to leach toxic chemicals. Dow executives had ignored a resolution on the issue filed last year by As You Sow. Read Full Article - Impactalpha, May 22, 2020