Posts in Power of the Proxy
Blackrock moves to block corporate purpose proposal days after Fink letter pushes investee firms to ‘show purpose’

The resolution, filed by US non-profit As You Sow, asks BlackRock for “the board’s perspective” on how its “governance and management systems should be altered, if at all, to fully implement the New Statement of Purpose”. Read More →

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A banner year for investor advocacy

Andrew Behar, CEO of shareholder advocacy group As You Sow, isn’t worried… “Milton Friedman has been thrown under the bus and a 50-year battle for the hearts and minds of business globally has been won,” Behar said. “We’re literally six months into the biggest transition in business history. Things are changing at rapid speed.” Read More →

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A Successful Season for SASB-Based Shareholder Resolutions

Timed to the 2020 Annual General Meeting (AGM) season, shareholder advocacy non-profit As You Sow filed seven shareholder resolutions, on behalf of individual proponents, that specifically requested material disclosure compliant with environmental and social corporate reporting standards published by the Sustainability Accounting Standards Board (SASB). Read More →

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Aftermath of coronavirus seen to radically change ESG focus

"We are learning things from COVID that are going to be applied to all of business," said Andrew Behar, CEO of As You Sow, a non-profit organization promoting environmental and social corporate responsibility through shareholder advocacy and coalitions. He predicts a shift toward more fact-based business decisions, whether they're addressing greenhouse gas emissions or income inequality. Read More →

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JPMorgan Chase shareholders defeat call for greater climate-change disclosure at world’s largest oil funder

As You Sow, an environmental and corporate social responsibility advocacy group, wanted the lender to issue a report “outlining if and how it intends to reduce the greenhouse gas emissions associated with its lending activities in alignment” with global temperature goals established by the Paris Agreement. The Paris pact has called for maintaining global warming well below 2 degrees Celsius. Read More →

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