“We know fossil fuels have underperformed over the last decade, so the results shouldn’t be surprising,” said As You Sow CEO Andrew Behar. “What’s surprising is that nearly every retirement plan is invested in the extractive economy, which runs counter to the values of the people who earn the money while reducing their retirement savings.” Read More →
Read MoreAs You Sow analyzed the 2021 chief executive officer compensation packages of 47 US companies included in the Climate Action 100+ initiative, an investor-led program to ensure the world’s largest corporate greenhouse gas emitters curb their footprints. It found that many firms didn’t tie CEO pay to climate metrics, and when they did, it’s wasn’t to a level that would prompt bosses to meaningfully reduce emissions. Read More →
Read More“Both Duke and Dominion are now leading energy companies on this front,” said Danielle Fugere, president of As You Sow, the shareholder advocacy group that represented investors on recent shareholder proposals on climate change at those companies. The proposals were withdrawn after the companies revamped their climate plans. Read More →
Read MoreTwo shareholder groups, Green Century Capital Management and As You Sow, are pushing Travelers to measure and report emissions generated by its customers and investments. Without understanding this broader carbon footprint, the groups say, Travelers cannot know how it is exposed to the likely financial risks of increasing climate catastrophes. Read More—>
Read MoreFor far too long, the Securities and Exchange Commission—the nation’s top Wall Street watchdog—has responded only tepidly to the global climate crisis. This week, that finally changed. On Monday, the Securities and Exchange Commission (SEC) voted three-to-one to issue draft rules that will require publicly traded corporations to be more transparent with investors about their greenhouse gas emissions and how climate change may pose a risk to their businesses. Read More →
Read MoreDanielle Fugere, president of As You Sow, an environmental shareholder-activist group, that said it’s a positive step for Exxon to find a use for gas that would otherwise be burned off into the atmosphere. “It is creating use of what would be otherwise wasted,” she said. Read More →
Read MoreThe University of California, San Diego, and the nonprofit sustainable-investing advocacy group As You Sow concluded that the linguistic patterns found in mutual fund and ETF prospectus language they reviewed has a relatively low correlation with its ESG rating. The collaborating teams spent four months analyzing 94 mutual funds and ETFs with “ESG” in their name.
“We see funds with ESG in their names getting F’s on our screening tools because they hold dozens of fossil fuel-extraction companies and coal-fired utilities,” said As You Sow CEO Andrew Behar.
Read MoreInvesting in ESG funds is like trying to navigate “the Wild West” as both regulations and enforcement fall short, according to Andrew Behar, the chief executive of As You Sow.
Read More"The theme is that investors are looking to all of their companies to address climate risk," said Danielle Fugere, the president and chief counsel of As You Sow.
Last year, 14 ESG resolutions backed by the sustainability advocacy group were voted on by shareholders of some of the nation’s largest companies, according to data compiled by the Manhattan Institute think tank. More than a quarter of As You Sow’s proposals were supported by those investors.
Read MoreDanielle Fugere, president and chief counsel of As You Sow, discusses the non-profit’s latest thinking on climate risk and the need for measurable net-zero emissions targets. Read More →
Read More“The company is just very much wedded to natural gas being part of reducing emissions,” said Daniel Stewart, a program manager at As You Sow, a nonprofit that works with corporate shareholders to advocate for stronger climate action. “From investors’ side, there’s just an increasing level of skepticism about what sort of role natural gas can play.” Read More →
Read MoreIBD Senior Reporter Gillian Rich speaks with Danielle Fugere, president of the activist group As You Sow., to learn what's next after Chevron shareholders in May backed proposals for further emission cuts. Read More →
Read MoreThe new objective comes after GE investors in May overwhelmingly backed a shareholder proposal pushing the company to say whether it planned to reach net-zero by 2050. As You Sow, the shareholder advocacy group behind the push, also pushed the company to include emissions from the use of its products and its supply chain in its net zero goal, saying the company had been slow to address this category, undoubtedly the largest associated with the company. Read More →
Read MoreAs You Sow, a nonprofit that pushes for corporate accountability through shareholder action, is cautiously optimistic. “You can add new people to the board, but if the company stays on business as usual, then we haven’t solved anything,” says CEO Andrew Behar. Read More →
Read MoreDanielle Fugere is the president of the group As You Sow, which focuses on shareholder activism. She said it's a market reality that the world is taking climate change seriously. She said she thinks businesses should join the movement, instead of putting up a fight. "Because as climate change occurs, it impacts every company globally," said Fugere. "It makes it much more difficult to maintain business." Read More →
Read More"Given the growing consensus on the material risks related to the climate crisis, investors seek assurance that company lobbying activities support, and do not block, policy solutions designed to help markets decarbonize," Lila Holzman, an energy expert at the shareholder advocacy group As You Sow, said in an email. "It is no surprise that shareholder resolutions on this topic are seeing record high votes this year, and we absolutely expect this trend to continue." Read More →
Read More"We believe that compensation drives outcomes," says Danielle Fugere, president of As You Sow, a nonprofit that works in shareholder activism. "So when an executive team is incentivized to actually accomplish a goal, then they're more likely to do so." Read More →
Read MoreThe April 8 report from As You Sow argues that addressing climate change and moving to a net-zero carbon economy will lead to significant reduction in demand for fossil fuel-based products, creating the risk of stranded assets over the long term for plastics and petrochemicals. Read More →
Read MoreDanielle Fugere, president of As You Sow, a nonprofit that promotes environmental and social corporate responsibility through shareholder advocacy and other activities, also pointed to the broader trend while urging Wells Fargo to share more about specific actions it will take. Read More →
Read More"The financial system is recognizing climate risk — and moving toward addressing it," said Danielle Fugere, the president of As You Sow, a nonprofit that promotes environmental and social corporate responsibility. "This is an important signal to the entire economy." Read More →
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