Valero has introduced a new “Energy Transition performance measure” into its incentive compensation program for executive officers, as requested in a shareholder resolution filed by investor representative As You Sow.
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After engagement with As You Sow on reducing single-use plastic packaging which contributes to ocean plastic pollution, snack and confectionery company Mondelez International and food and beverage giant PepsiCo have agreed to cut their use of virgin plastic for packaging as part of increased efforts to eliminate and replace single-use plastics.
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As You Sow today released two S&P500 scorecards — one assessing companies on racial justice and the other on workplace equity disclosures.
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The Coalition United for a Responsible Exxon (CURE) today issued the following statement in regards to recent disclosures by ExxonMobil Corporation (NYSE: XOM) (“Exxon” or the “Company”):
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Citigroup, whose CEO, Jane Fraser, took the helm this morning, today announced in a blog its commitment to achieve net-zero greenhouse gas emissions from its financing activities by 2050.
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As You Sow today released its seventh annual The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? report, focusing on how pension and financial fund managers hold companies accountable for excessive compensation.
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As You Sow and Corporate Knights today released their seventh update of the Carbon Clean 200™, a list of the 200 publicly traded companies that are leading the way among their global peers to a clean energy future.
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Today Bank of America announced its commitment to achieving net-zero greenhouse gas emissions from its financing activities by 2050, following an earlier announcement to measure and disclose its financed emissions through the Partnership for Carbon Accounting Financials.
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For nearly two years, Joe Biden has been clear with the American people about the first steps he would take if elected as the nation’s 46th president. Today, shortly after taking office, President Biden plans to take the following climate actions:
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The Office of the Comptroller of the Currency (OCC) has finalized the Fair Access to Financial Services rule a day after current OCC head Brian Brooks announced his resignation. As global banks increasingly tighten credit to clients that pose significant climate risk, including coal projects and Arctic oil and gas projects, the OCC rule establishes new hurdles to banks exercising risk management.
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Citing urgent new data on the growing plastic pollution problem, As You Sow has filed shareholder proposals with 10 leading consumer goods companies and retailers, calling for commitments to absolute cuts in use of plastic packaging.
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Trump administration officials auctioned off oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, a move that marks one of the most significant environmental rollbacks President Trump has accomplished in his term.
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The Climate Action 100+ (CA100+), an initiative comprised of more than 540 global investors managing $52 trillion in assets under management, released its 2020 Progress Report Thursday showing that many high-emitting companies remain unaligned with the goals of the Paris Agreement.
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Shareholder representative As You Sow filed shareholder proposals at four of the largest U.S. gas and electric utilities, Dominion Energy, DTE Energy, Duke Energy, and Southern Company, raising concerns about the companies’ continued investments in natural gas. Shareholders are concerned that these utilities are claiming “Paris-alignment” while remaining on a path toward stranded asset risk.
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Following engagement with As You Sow, a sixth major petrochemical manufacturer, Eastman Chemical, agreed to start reporting on spills of pre-production plastic pellets, or nurdles, manufactured in its production plants, following the filing of a shareholder proposal.
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Shareholder representative As You Sow recently filed resolutions at two of the largest integrated fossil fuel companies in the U.S. — Exxon Mobil and Dow Inc. — asking the companies to address the growing risks associated with investments in plastic and petrochemical infrastructure.
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Shareholder advocate As You Sow — joined by several investors including Mercy Investment Services, Arjuna Capital, Boston Trust Walden, Presbyterian Church USA, and Boston Common Asset Management, among others — recently filed climate-focused resolutions with a large segment of the U.S. banking industry, including JPMorgan Chase, Wells Fargo, Bank of America, Goldman Sachs, and Citigroup.
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