Danielle Fugere, president of As You Sow, noted that the SEC vote “comes at a time when shareholders are appropriately acknowledging — and asking their companies to address — a wide range of social and environmental issues that have the potential to harm our environment, economy, and companies’ value. Read More →
Read More“The SEC’s rule demonstrates a failure to comprehend that [Environmental, Social and Governance] issues, including climate change, increasingly have material impacts on company value,” said Andrew Behar of As You Sow, a nonprofit, ESG-issue expert that often represents shareholders on a range of material issues. Read More →
Read MoreCorporate boards, on the other hand, don’t tend to share the same appreciation. Companies aren’t as comfortable having explosive concerns aired in “the public eye…where they cannot necessarily control what is said about them,” says Welsh, whose organization produces the Proxy Preview with the nonprofit shareholder activist organization As You Sow and Proxy Impact, a shareholder advocacy and proxy voting service. 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 MoreCompanies including Goldman Sachs and BlackRock will be forced to confront accusations of hypocrisy at their upcoming shareholder meetings from investors challenging commitments made by corporate America to consider the environment and their workers alongside profitability. Read More →
Read MoreThree titans of US banking and investment had their requests to omit shareholder proposals on implementing the Business Roundtable Statement of the Purpose of a Corporation slapped back by the Securities and Exchange Commission (SEC) on Tuesday. Read More →
Read MoreGreen America, a not-for-profit membership organization focused on the economic power of consumers, investors and businesses to create an environmentally sustainable economy, along with Americans for Financial Reform and As You Sow, delivered the petition. Read More →
Read MoreGreen America, Americans for Financial Reform (AFR) and As You Sow delivered the signatures today to the SEC at its Washington, D.C., offices at 100 F Street NE. Signatures also were gathered by Public Citizen and Interfaith Center on Corporate Responsibility (ICCR). Read More →
Read MoreBlackrock has become the latest US financial giant seeking to evade a shareholder proposal calling on it to outline how it will make good on its recent Business Roundtable commitments. Read More →
Read MoreThe power of the shareholder to hold accountable the companies in which they invest is under threat in the US.
Read MoreThe U.S. Securities and Exchange Commission formally proposed a new rule on Tuesday that could make it harder for shareholders to submit proposals dealing with social issues like executive pay and climate change.
Read MoreThe Securities and Exchange Commission proposed Tuesday two long-anticipated rules that seek to limit shareholders’ influence over how companies address contentious issues such as climate change and executive compensation.
Read MoreThe future of financial reporting for environmental, social and governance investing arrived with a bang at the chicken farms of Mississippi last month.
Read MoreIn the history of the earth’s climate two years is a infinitesimal blip, but in the recent history of investor-led efforts to push for action on climate change from corporations, two years has meant a great deal.
Read MoreTreasury Secretary Steve Mnuchin has his fair share of critics on the left and among the larger public, but last week he added close to 200 CEOs to a list of those who might have reason to hold something against him, and all it took was five words.
Read MoreThis summer, some of the world’s biggest companies quietly abandoned one of the key tenets of US capitalism for the last half century or so – the primacy of shareholders, or the idea that companies primarily exist to serve the needs of shareholders.
Read MoreU.S. companies were more willing to engage with shareholders on certain environmental and social proposals this proxy season — a trend proponents hope will continue.
Read MoreImpactAlpha, Aug. 22 – Increasing accountability to employees, customers, suppliers and communities shouldn’t mean decreased accountability to shareholders.
Read MoreA common debate in impact investing circles is over the best way to quantify, and/or qualify, the non-financial impact of an investment.
Read MoreIn this interview, Motley Fool analysts Maria Gallagher and John Rotonti chat with Andrew Behar about sustainability, corporate responsibility, and ESG investing.
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