Shareholder advocacy group As You Sow’s annual report of the 100 Most Overpaid CEOs has just been released and, as usual, the salaries of the top CEOs are staggering. Topping this year’s list are Oracle’s co-CEOs Safra A. Catz and Mark Hurd who made a whopping $82,065,708. While that’s not the highest price tag, As You Sow determined they were the most over-compensated CEOs through a complex methodology that you can read here, if you’re into that sort of thing.
Read More“Market forces continue to show that the new energy economy is not only a growth sector, but continues to outperform fossil fuel-based energy ,” said Andrew Behar, CEO of As You Sow and report co-author. “We are living through the ‘Great Transition’ as capital flows drive the path to averting climate catastrophe.”
Read MoreSanderson is the only large U.S. chicken producer that has not committed to curbing the use of the drugs. It had urged investors to vote no on the proposal filed by the non-profits As You Sow and supported by charity Oxfam America.
Read MoreAsset managers can now choose from a multitude of fossil free investment indices. Fossil Free Funds, a project initiated by the NGO As You Sow, allows anyone to check whether their portfolios and pension plans contain fossil fuels.
Read More“Look at the long list of car companies and countries that have stated that electric transport ONLY is in the near future; look at the price of renewable infrastructure and batteries dropping,” Andrew Behar, CEO of As You Sow, and co-author of the report, told Oilprice.com. “This is the classic example of commodities vs. technology.”
Read More“Look at the long list of car companies and countries that have stated that electric transport ONLY is in the near future; look at the price of renewable infrastructure and batteries dropping,” Andrew Behar, CEO of As You Sow, and co-author of the report, told Oilprice.com. “This is the classic example of commodities vs. technology.”
Read MoreAndrew Behar, CEO of As You Sow and report co-author, claimed the results show a "Great Transition" is underway towards a low carbon economy.
"Market forces continue to show that the new energy economy is not only a growth sector, but continues to outperform fossil fuel based energy," he said. "Regardless of politics, investors appear to be following the money."
Read MoreWhat should climate-conscious people do to eat most sustainably? How people approach their diet is deeply personal and can be extremely controversial. Roughly 1 in 9 people in the world are undernourished. Addressing hunger while making the food chain more sustainable is critical for addressing climate change. Are GMOs the answer to food shortages, or do they jeopardize our crops with destructive cycles of pesticide resistance? Is our appetite for animal protein unsustainable, is worldwide veganism possible? Greg asks farmers, scientists and others what’s best for climate and our health.
Read More"This is a big victory, and it's taken a long time. Dunkin agreed way back in 2010, in theory, to phase out [foam cups], but it took until today for them to actually give a date and to say that they are going to switch to paper... We're talking about some very positive impacts on world oceans in terms of reducing plastic pollution," said Conrad MacKerron, Senior Vice President of As You Sow.
Read More"It's low-hanging fruit for companies to extend ESG into retirement planning," said Andrew Behar, CEO of As You Sow. "Seventy-four percent of Fortune 1000 company employees want to invest in a future they can live in." For some, it may be fossil fuel-free, for others it could be gender equity and for others, a weapons-free fund.
Read MoreAndrew Behar: Corporate managers are responsible to their boards of directors and their boards are responsible to the shareholders. In terms of power, shareholders often have the last word, especially with a strong vote.
Read MoreJust last week, As You Sow filed a resolution against Chevron urging it to improve methane reporting. Chevron has lagged behind their peers on disclosure and transparency and earned a reputation as one of the more aggressive opponents of commonsense climate rules. EDF is hoping the forthcoming change of leadership will result in the company taking a different tact when it comes to climate.
Read More“They said they had some hoops to jump through,” says Conrad Mackerron, the director of the waste and recycling program at As You Sow. “Just before the holiday, they indicated that they were going to be able to do this. I said, ‘That’s great, but you need to put it on paper.’ But they followed through in the same [way] as when they stuck to their word back in 2012 when they stopped the foam use in the U.S.”
Read More“I appreciated today’s letter, particularly the encouragement not to ‘succumb to short-term pressures to distribute earnings,’” said Rosanna Landis Weaver, program manager at shareholder advocacy group As You Sow, which promotes environmental and social corporate responsibility, in an email, adding that she took his words to be a reference to stock buybacks and dividends — measures often designed to placate shareholders without boosting the long-term value of a company.
Read More“All indications are that demand is increasing,” said Austin Wilson, program manager for activist group As You Sow, which is pushing Sanderson to stop using certain antibiotics.
Read MoreMcDonald’s is expected to announce a packaging and recycling initiative later this week, said Conrad MacKerron, a senior vice president of As You Sow. “We do appreciate what McDonald’s has done,” he said. “It’s taken a long time, but better late than never.”
Read MoreAs You Sow, a shareholder advocacy group that promotes social and corporate environmental responsibility headquartered in Oakland, California, has refiled a resolution with McDonald’s Corp., Oak Brook, Illinois, for 2018 urging the company to assess the environmental impact of its polystyrene use in beverage cups and food trays. The same proposal was voted on by shareholders earlier this year and received the support of nearly one-third of shares voted.
Read MoreThomas Van Dyck, the founder of shareholder advocacy group As You Sow, has been a leader in the field of socially responsible investment for more than 30 years. At a recent Bioneers Conference appearance in Marin County, CA, Van Dyck offered thoughts on how to speed up the clean energy transition.
Read MoreAs You Sow, Boston Common Asset Management and The Investor Environmental Health Network (IEHN) released the 2017 special edition of the Disclosing the Facts scorecard.
Read MoreIt would have been difficult for Exxon to ignore the shareholder vote, said Danielle Fugere, president of As You Sow. "The inevitability of a decarbonizing economy makes it mission critical that Exxon address the risk to its business-as-usual model," she said. "We hope that Exxon's announcement signals a fundamental change in the company's direction on climate change."
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