Andrew Behar, CEO of environmental resolution sponsor As You Sow, said he credits BlackRock and State Street for boosting SASB, even if ideally companies would also provide a GRI report. Read More →
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“As states clamp down on greenhouse gas emissions, long-lived natural gas infrastructure is increasingly likely to be stranded,” said Lila Holzman of shareholder advocacy group As You Sow, which filed the resolutions. By excluding the resolutions, “These companies are seeking to avoid responsibility for a risk that will only grow.” Read More →
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If American CEO compensation is indeed tied to company performance, many are getting overpaid, according to one corporate responsibility research group. Among them are the chiefs of JPMorgan, Ameriprise, Wells Fargo and Goldman Sachs, according to As You Sow’s new report. Read More →
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“Utilities clinging to business models that rely on fossil fuels are jeopardizing their ability to meet critical climate goals (including their own) and will miss out on opportunities to benefit from new technology advances,” Lila Holzman, As You Sow’s energy program manager, said in a statement. Read More →
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"There’s an increasing awareness that these CEO pay votes really do matter. Very smart people at a variety of funds are really digging deeply into this issue and revamping their proxy voting guidelines," said Rosanna Landis Weaver, program manager of executive compensation at As You Sow. "After six years of our report, we see this trend has continued. Private conversations, known as engagements, are insufficient to deal with the systemic problems." Read More →
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“Study after study shows CEO pay moving upward,” the As You Sow survey said. “CEO pay is a core contributor to America’s extreme and growing income inequality.” Read More →
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Most U.S. power utilities are still investing in gas-fired power plants and pipelines that will be operating “far beyond what is permitted in climate stabilization model,” the As You Sow group said in a report written in collaboration with the policy firm Energy Innovation. Read More →
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In its annual 100 Most Overpaid CEOs list — topped by Oracle, Align Technology and The Walt Disney Co. — As You Sow makes the case that oversight of CEO pay is lacking. Read More →
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Institutional investors and asset owners have a fiduciary duty toward their beneficiaries and no longer wish to subject their investments to climate change risks, according to Danielle Fugere, president of nonprofit organization As You Sow, one of the shareholders behind the resolution. Read More →
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Companies 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 →
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The big picture: CEO pay has increased so greatly that even the bottom 10% of companies with the worst one-year shareholder returns had CEOs with median pay packages of $12.6 million, As You Sow found. Read More →
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Three 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 →
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The report, “The 100 most overpaid CEOs”, was published this week by As You Sow, a nonprofit organization devoted to amplifying the voice of shareholders on issues including environmental and social causes, and fiscal responsibility by publicly listed corporations. Read More →
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"We appreciate Yum's commitment to phase out foam containers globally as a significant corporate leadership action," Conrad MacKerron, senior vice president of As You Sow, said in a statement. "This is a win for oceans and marine life as foam packaging poses particular threats to wildlife." Read More →
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As You Sow has introduced a shareholder proxy asking for JPMorgan to commit to aligning its financing with the Paris Agreement on climate change. The bank has asked the SEC for permission to omit that proposal and others related to climate change from consideration during the upcoming proxy season. Read More →
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JPMorgan still is not addressing its larger oil and gas portfolio, nor is it committing to align with the Paris climate agreement, said Danielle Fugere, president of As You Sow, an investor climate advocacy group. Read More →
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As You Sow believes more organized, concerted action is needed by producer brands, recyclers, processors, regulators, and advocacy groups to dramatically increase levels of recycling, both to capture the embedded value of these materials, as well as to provide feedstock for the recycled content many brands now promise to use. Read More →
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In the report, “The 100 Most Overpaid CEOs,” the nonprofit As You Sow lists the most egregious examples. The CEO compensation and average employee compensation come from data that corporations now have to disclose to the SEC and are based on data from the most recent fiscal year. The “overpayment” calculation is based on a statistical regression model from the investment services company HIP Investor that looks at what CEOs should have made based on longer-term company performance. Read More →
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As You Sow defined the 100 “most overpaid” CEOs of the S&P 500 by comparing their compensation with shareholder returns over the past five years, the level of shareholder support for the pay and the ratio between CEO and worker pay. Read More →
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A long-term goal is to introduce the cups into major chains. Conrad MacKerron, senior vice president for the shareholder advocacy nonprofit As You Sow, told Waste Dive the programs are "a key first step" toward shifting companies like Starbucks "away from single use packaging and towards reusables." He added "there will need to be a lot of market testing to study, encourage, and induce customer behavior change." Read More →
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