The Aena vote, which passed, caught the attention of Andrew Behar, chief executive officer of As You Sow, a leading U.S. nonprofit that represents shareholders to engage public companies on ESG policy implementation. A few weeks later, the foundation Mr. Hohn founded reached out and arranged a grant for the nonproft to start rolling out the campaign in the U.S., Mr. Behar said. Read More →
Read MoreThe "almost non-existent bidding for oil and gas leases in the Arctic National Wildlife Refuge were not surprising. It confirms what we already know to be true: the era of drilling for oil at any cost is over," says Danielle Fugere, president of As You Sow, an environmental non-profit. Read More →
Read MoreExxon said it made the disclosure due to investor interest. “They’re seeking dollars against companies that are disclosing Scope 3,” said Danielle Fugere, president of As You Sow, a non-profit shareholder activist group. “I don’t think they have any choice.” Read More →
Read MoreShareholder advocate As You Sow and a group of asset managers recently filed climate-focused resolutions with a large segment of the U.S. banking industry, including JPMorgan ChaseJPM, Wells FargoWFC, Bank of AmericaBAC, Goldman SachsGS and CitigroupC. Read More →
Read MoreAn effective incentive needs to be something measurable, and it needs to be tied to something the recipient of the incentive can actually control, according to Rosanna Landis Weaver, executive compensation program manager for As You Sow. With respect to utility decarbonization, she said she also looks for incentives that reward actions beyond business as usual. Otherwise, Weaver said, the incentive only serves to inflate CEO compensation without producing meaningful change. Read More →
Read MoreIndeed, while organizations such as shareholder advocacy group As You Sow heralded GE's announcement as one that "signaled meaningful change to its business by moving away from high-carbon technologies like coal," GE framed the decision as one of market necessity. Read More →
Read MoreLila Holzman, energy program manager with As You Sow, which works with shareholders and businesses on corporate responsibility plans, said her group encourages companies to set big goals that align with the targets scientists have determined are necessary to avoid the most catastrophic impacts of global warming while also charting out more feasible shorter-term steps that get them started on the right path. Read More →
Read MoreLila Holzman, energy program manager of nonprofit group As You Sow, called Southern Company’s decision to exclude Scope 3 emissions from its plan an “unacceptable” approach. She also criticized the plan’s lack of detail on the costs and risks of relying on as-yet-unproven technologies to cut the carbon footprint of its natural-gas fleet. Read More →
Read More“Access to capital will increasingly be tied to a company’s ability to reduce its emissions at the rate and scope necessary to align with the Paris goal,” said Danielle Fugere, president of As You Sow, a shareholder advocacy group. Read More →
Read MoreActivist investor groups, like As You Sow, have made great strides in recent years in convincing oil and gas companies to reduce their carbon footprints, Lila Holzman, energy program manager of the “green” shareholder advocacy organization, said in an interview. Read More →
Read More“Are they building things that will withstand 500-year storms that occur every year?” asked Danielle Fugere, president and chief counsel of As You Sow. Read More →
Read MoreExxon has been betting on a continued future for oil and gas, and it has struggled since the coronavirus pandemic slashed oil prices, said Danielle Fugere, president of the activist investor group As You Sow. Read More →
Read More“I think what this reflects is really a responsible assessment of where the world is going in terms of energy demand, where the opportunity for growth exists, and demonstrates that the company wants to remain an energy company, as opposed to an oil and gas company,” says Danielle Fugere, president and chief counsel of As You Sow, a nonprofit that focuses on environmental change through shareholder advocacy. Read More →
Read MoreLate last year, shareholder activist group As You Sow filed a resolution asking Southern to report on the risks of its natural gas assets becoming stranded as the world moves away from fossil fuels to address climate change. 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 MoreIn his presentation of the proposal, Andrew Behar, CEO of the non-profit organization As You Sow, which promotes investor action on sustainable practices at corporations, said: “We agree with the World Economic Forum, the Business Roundtable and BlackRock on the path forward. This requires an alignment of words and actions. Yet historically, BlackRock has voted for nearly every egregious CEO pay package and against nearly every climate resolution. This cognitive dissonance is troubling.” Read More →
Read MoreDanielle Fugere, President of shareholder advocacy group As You Sow, which filed the proposal on carbon emissions disclosure, told DeSmog: “What we are asking them to do is measure, disclose, and set a target to become Paris aligned.” Read More →
Read MoreA majority of Phillips 66 investors voted for a shareholder proposal that asked the Houston refiner to produce information about the public health risks of expanding petrochemical operations along the U.S. Gulf Coast… The proposal, which was filed by the climate activist shareholder group, As You Sow, argued that building chemical facilities in areas more prone to climate risks such as frequent storms, flooding and sea level rise, could pose financial, health, environmental and reputation risks to the Houston refining and pipeline company. Read More →
Read MoreInvestment into new natural gas infrastructures like pipelines and power plants is "incompatible" with long-term shareholder value, and thus it is in the best interest of the investor community to push utilities away from natural gas, according to a new report from corporate social responsibility group As You Sow and environmental consulting firm Energy Innovation. Read More →
Read MoreAs You Sow, a group that has worked with APS on plans to reduce the company’s reliance on fossil-fuel based energy, in an email to POWER said its supports APS’s action plan. “We commend APS for this important step toward addressing its climate impact and positioning itself to thrive in the coming clean energy economy,” said Lila Holzman, energy program manager of As You Sow. Read More →
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