IBD Senior Reporter Gillian Rich speaks with Danielle Fugere, president of the activist group As You Sow., to learn what's next after Chevron shareholders in May backed proposals for further emission cuts. Read More →
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The new objective comes after GE investors in May overwhelmingly backed a shareholder proposal pushing the company to say whether it planned to reach net-zero by 2050. As You Sow, the shareholder advocacy group behind the push, also pushed the company to include emissions from the use of its products and its supply chain in its net zero goal, saying the company had been slow to address this category, undoubtedly the largest associated with the company. Read More →
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As You Sow, a nonprofit that pushes for corporate accountability through shareholder action, is cautiously optimistic. “You can add new people to the board, but if the company stays on business as usual, then we haven’t solved anything,” says CEO Andrew Behar. Read More →
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Danielle Fugere is the president of the group As You Sow, which focuses on shareholder activism. She said it's a market reality that the world is taking climate change seriously. She said she thinks businesses should join the movement, instead of putting up a fight. "Because as climate change occurs, it impacts every company globally," said Fugere. "It makes it much more difficult to maintain business." Read More →
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"Given the growing consensus on the material risks related to the climate crisis, investors seek assurance that company lobbying activities support, and do not block, policy solutions designed to help markets decarbonize," Lila Holzman, an energy expert at the shareholder advocacy group As You Sow, said in an email. "It is no surprise that shareholder resolutions on this topic are seeing record high votes this year, and we absolutely expect this trend to continue." Read More →
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The GE result is the latest ESG-related success for As You Sow,. Shareholders in DuPont de Nemours recently voted for a shareholder proposal brought by the group asking DuPont to disclose its role in plastic pollution. Read More →
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"We believe that compensation drives outcomes," says Danielle Fugere, president of As You Sow, a nonprofit that works in shareholder activism. "So when an executive team is incentivized to actually accomplish a goal, then they're more likely to do so." Read More →
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The April 8 report from As You Sow argues that addressing climate change and moving to a net-zero carbon economy will lead to significant reduction in demand for fossil fuel-based products, creating the risk of stranded assets over the long term for plastics and petrochemicals. Read More →
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Lila Holzman, senior energy program manager with As You Sow, tells Corporate Secretary: ‘We will continue to engage with Sempra on the concerns raised in our shareholder proposal, which we anticipate will be included in Sempra’s proxy statement and be voted on at its [AGM]. Read More →
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Danielle Fugere, president of As You Sow, a nonprofit that promotes environmental and social corporate responsibility through shareholder advocacy and other activities, also pointed to the broader trend while urging Wells Fargo to share more about specific actions it will take. Read More →
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"The financial system is recognizing climate risk — and moving toward addressing it," said Danielle Fugere, the president of As You Sow, a nonprofit that promotes environmental and social corporate responsibility. "This is an important signal to the entire economy." Read More →
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Every company needs a climate transition plan based on Climate Action 100+ benchmarks, added Andrew Behar, CEO of the shareholder advocacy nonprofit As You Sow. Read More →
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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 →
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The "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 →
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Exxon 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 →
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As You Sow, which focuses on corporate environmental and social responsibility, told CQ Roll Call that a shareholder proposal submitted to railroad company Union Pacific Corp. seeking the “say-on-climate” vote is the first of many the group plans to put forward for consideration in 2021. The group says it’s also working on a petition to regulators to mandate these votes. Read More →
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As You Sow has targeted BlackRock at its own annual meeting in the past for its failure to support more resolutions. Andrew Behar delivered a speech from the floor of the BlackRock meeting last year pointing to what he sees as a disconnect between BlackRock’s words and actions, for “using its big stick like a wet noodle” Behar says, and that means he remains skeptical until he sees the results from the upcoming annual meeting season. Read More →
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Shareholder 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 →
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An 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 →
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Indeed, 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 →
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