“This was a political rulemaking not warranted by the record or the evidence,” said Danielle Fugere, president of As You Sow, a California shareholder activist group and one of the plaintiffs in the lawsuit filed in U.S. District Court in Washington, D.C. Read More →
Read MoreWhistle Stop Capital CEO Meredith Benton, a consultant to shareholder group As You Sow, which filed the Berkshire Hathaway diversity proposal, said Berkshire Hathaway stood out in demonstrating little initiative on the ESG front and Buffett showed a "lack of leadership." Read More →
Read MoreSome companies that are reluctant to criticize specific laws or policies are still willing to come out with more general statements. For example, roughly 330 of the 500 companies in the S&P 500 Index issued comments last year in support of social justice in the wake of the death of George Floyd, a Black man, in the custody of Minneapolis police, according to shareholder advocacy group As You Sow. Read More →
Read MoreAndrew Behar, CEO of environmental resolution sponsor As You Sow, said he credits BlackRock and State Street for boosting SASB, even if ideally companies would also provide a GRI report. Read More →
Read MoreAs You Sow defined the 100 “most overpaid” CEOs of the S&P 500 by comparing their compensation with shareholder returns over the past five years, the level of shareholder support for the pay and the ratio between CEO and worker pay. Read More →
Read MoreActivists, including the As You Sow Foundation, Trillium Asset Management and Boston Trust Walden, said they had received notices that the bank has asked for regulatory permission to skip votes at its spring annual meeting on proposals such as reporting on greenhouse gas emissions tied to its lending. Read More →
Read MoreBOSTON (Reuters) - Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the case for proxy rule changes sought by business groups.
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