As You Sow, an advocacy group that filed the resolution, said the vote won the backing of stockholders representing some 81% of the company's shares. That is a record amount of support for an environmental shareholder proposal opposed by the top brass at a publicly traded corporation, according to the Sustainable Investments Institute. Read More →
Read More“This vote confirms a tidal wave of support by investors to confront a deadly contributor to the global plastic pollution crisis,” said Conrad MacKerron, senior vice president at nonprofit shareholder advocate As You Sow, which filed the proposal. Read More →
Read MoreAccording to preliminary results, 46% of investors voted to support a shareholder resolution at Chevron and 25% voted to support a similar one at Exxon. Filed by shareholder advocacy group As You Sow, the resolutions call for Exxon and Chevron to report on the public health risks of expanding their petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise. The same proposal received a majority 54.7% vote at Phillips 66 earlier this month. Read More →
Read MoreAs 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 →
Read MoreIn a clear signal of support for reforming the lending practices of the world's largest private bank to ensure a habitable future planet, 49.6% of shareholders voted in favor of a resolution that asked JPMorgan to craft a plan to better align its operations with the Paris climate agreement's goal of limiting global temperature rise to 1.5°C… The development was also celebrated by Danielle Fugere, president of the nonprofit shareholder advocacy group As You Sow. "Shareholders today sent the message that it is past time for Chase to catch up with its peers, implement a strategy to decarbonize and de-risk its lending portfolio, and help build a more secure future for all," she said. Read More →
Read MoreAs You Sow CEO Andrew Behar believes that a discussion he had with one of the board members of Monster Beverage Corp. during a coffee break at the company's 2018 annual general meeting was the catalyst behind Monster's decision several months later to work with As You Sow to study and publish a slavery and human trafficking report on its sugarcane supply chain and start on the path to addressing those issues. The related resolution had received only 20% support at the 2018 meeting. Read More →
Read More
