Lila 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 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“We are pleased that U.S. banks are finally stepping up to the challenge of measuring and reducing climate impacts as European peers already have. Morgan Stanley’s commitment shows that digging in and taking responsibility for its climate contribution is good business. We expect other U.S. banks to take note,” said Lila Holzman, energy program manager at As You Sow, a sustainable-investing advocate. Read More →
Read MoreAs You Sow, an environmental and corporate social responsibility advocacy group, wanted the lender to issue a report “outlining if and how it intends to reduce the greenhouse gas emissions associated with its lending activities in alignment” with global temperature goals established by the Paris Agreement. The Paris pact has called for maintaining global warming well below 2 degrees Celsius. Read More →
Read MoreCorporations holding annual general meetings this month are well familiar with two particularly attentive shareholders: Andrew Behar and Danielle Fugere of As You Sow. Along with groups like CERES and the Interfaith Center for Corporate Responsibility, the Berkeley, Calif., nonprofit has taken the lead in engaging corporations on issues from carbon footprints to workforce treatment. Read More →
Read MoreImpactAlpha, May 21 – Massive flooding in Midland, Michigan on Wednesday threatened to release chemicals from a Dow chemical complex, where products ranging from Saran Wrap to Agent Orange have been produced over years, and an adjacent Superfund site. It’s the kind of nightmare scenario that imperils public health as well as corporate value, and one that investor groups have been sounding the alarm on as global warming increases the frequency of severe weather events… “This should be a warning sign,” says Lila Holzman of As You Sow. Read More →
Read MoreIn a clear signal of support for reforming the lending practices of the world's largest private bank to ensure a habitable future planet, 49.6% of shareholders voted in favor of a resolution that asked JPMorgan to craft a plan to better align its operations with the Paris climate agreement's goal of limiting global temperature rise to 1.5°C… The development was also celebrated by Danielle Fugere, president of the nonprofit shareholder advocacy group As You Sow. "Shareholders today sent the message that it is past time for Chase to catch up with its peers, implement a strategy to decarbonize and de-risk its lending portfolio, and help build a more secure future for all," she said. Read More →
Read MoreDanielle Fugere, president and chief counsel of coalition member group As You Sow, said in a separate statement about the decision that Barclays' decision "is critically important to helping ensure the world meets its climate goal," and that it also "highlights the gap of inaction by U.S. banks, who will continue to see pressure from shareholder resolutions, including an upcoming one with J.P. Morgan Chase." Read More →
Read More“If companies do not intend to align with the global Paris goal, they should be clear with shareholders,” As You Sow President Danielle Fugere said in a statement. “Only through clear and comparable reporting can shareholders benchmark company actions and make sound investment decisions.” Read More →
Read MoreNew York State and the UK’s Church Commissioners will vote against the entire board of ExxonMobil again this year in response to the US oil giant’s continued “recalcitrant” approach to climate change. Read More →
Read MoreA document on the agency website noted briefly that SEC staff agreed March 20 with requests by company officials to exclude proposals from a group of shareholders, including the Church of England and As You Sow, asking if the companies will join other oil and gas companies in taking steps to align with the Paris Agreement goal of net-zero emissions by 2050, and calling for reduction targets, long-term business plans and other details. Read More →
Read MoreInstitutional 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 →
Read MoreAs 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 →
Read MoreJPMorgan 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 →
Read MoreActivists, including the As You Sow Foundation, Trillium Asset Management and Boston Trust Walden, said they had received notices that the bank has asked for regulatory permission to skip votes at its spring annual meeting on proposals such as reporting on greenhouse gas emissions tied to its lending. Read More →
Read MoreMore than 386 employees at e-commerce giant Amazon have broken the company’s rules by posting statements on a social media site to complain that their employer is a major factor in climate change. Read More →
Read MoreIts “Small Cap” fund scored an A rating — signifying no stock holdings in oil, gas and coal companies — from Fossil Free Funds, a website maintained by As You Sow, an environmental group. But its “Sustainable Emerging Markets” fund received a grade of D. Read More →
Read More
