75 Investors With $4.7 Trillion AUM Weigh in on Upcoming SEC Climate Disclosure Rulemaking
Seventy-five investors with $4.7 trillion of assets under management Monday sent a letter to the commissioners at the U.S. Securities Exchange Commission (SEC) to express increasing concern about climate change and the systemic and material risk it builds into the global economy.
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As You Sow Salutes Historic UNEA Resolution Towards Binding Global Plastic Pollution Treaty
Representatives from 175 nations endorsed a historic resolution at the UN Environment Assembly in Nairobi, Kenya today to end plastic pollution and negotiate a global, legally binding agreement by 2024.
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55 Companies Ranked on Net Zero Emissions Reductions
Today, shareholder representative As You Sow released “Road to Zero Emissions: 55 Companies Ranked on Net Zero Progress,” a report ranking companies on their progress in aligning emissions reductions with the 1.5-degree Paris Agreement goal.
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IPCC Warns of Immediate and Growing Threat of Climate Change, Companies and Investors Must Act Decisively
Today, the Intergovernmental Panel on Climate Change (IPCC) released the second contribution of its Sixth Assessment Report.
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Opposition to CEO Pay Increases Could Bring Record Votes Against Pay in Coming Proxy Season
As You Sow today released its 8th annual “The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel?” report, which focuses on how pension and financial fund managers hold companies accountable for excessive compensation.
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Kraft Heinz Agrees to Virgin Plastic Reduction Goal
The Kraft Heinz Co., the third-largest food and beverage company in North America, has agreed to set a goal to reduce total virgin plastic use following the filing of a shareholder proposal and engagement with As You Sow.
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Coca-Cola Pledges to Increase Share of Sales in Refillable Bottles as Requested by As You Sow Proposal
With an eye to curbing plastic waste, The Coca-Cola Co. today announced an industry-leading goal to increase the share of its beverages delivered in returnable/refillable containers.
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Investors Applaud Duke Energy’s Expanded Net-Zero Emissions Commitment
Duke Energy Wednesday announced a commitment to increase the greenhouse emissions it will bring within its net-zero-by-2050 greenhouse gas (GHG) reduction target, including upstream methane leakage during production of natural gas, customer use emissions, and purchased power emissions.
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Amazon, Comcast Seek to Silence Shareholder Voices on Fossil-Filled 401(k) Plans
Last week Amazon and Comcast filed “no-action” motions with the U.S. Securities and Exchange Commission (SEC) to exclude As You Sow shareholder resolutions from company proxy statements.
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Xponance and As You Sow Partner to Offer Institutional Investment Solutions Incorporating Proprietary DEI Intelligence
Xponance, Inc., a leading multi-strategy investment firm, and As You Sow, a nonprofit that promotes environmental and social corporate responsibility, today announced that they have formed a new partnership.
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12 University Teams to Compete for Top Honors in Sustainable Investing, ESG Shareholder Advocacy Competition
Students teams from 12 universities across the U.S. and Canada have entered a head-to-head contest in the Intentional Endowments Network‘s (IEN) Student Corporate Engagement Competition.
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New Study Quantifies Lack of ‘Truth in Labeling’ in ESG Mutual Funds and ETFs
After a four-month analysis of 94 mutual funds and ETFs with “ESG” in their name, a team of University of California, San Diego graduate students concluded that the linguistic patterns found in mutual fund and ETF prospectus language has a relatively low correlation with its ESG rating.
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70% of AutoZone Shareholders Voted to Adopt Net-Zero Climate Target Proposal
A majority of AutoZone shareholders voted Wednesday in favor of an As You Sow resolution requesting the company report on plans to adopt net-zero climate targets and annually disclose progress. The proposal earned a vote of 70.4% representing shareholder support of more than $25 billion in assets.
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Widespread Cadmium Contamination in Spinach Revealed in More Than 20 Companies
New testing data released by consumer protection group As You Sow finds cadmium, a non-essential heavy metal, in a range of spinach products.
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92% of Sysco Shareholders Support Net-Zero Climate Targets
In a resounding vote of support for climate action, 92% of shareholders supported a Say on Climate resolution filed by shareholder representative As You Sow asking the world’s global foodservice leader, Sysco Corporation, for Paris aligned, net-zero targets, an aligned climate transition plan, and annual reporting of progress.
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As You Sow Racial Justice, Workplace Equity Scorecards Expand to Include Russell 1000 Companies
As You Sow today released an update to its Racial Justice Scorecard and Workplace Equity Scorecard expanding coverage from the S&P 500 to include the Russell 1000.
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Morgan Stanley Sets Ambitious 2030 GHG Reduction Targets
Morgan Stanley Wednesday announced its 2030 targets for reducing its financed emissions in line with its 2050 net-zero commitment. Morgan Stanley was the first major U.S. bank to set a net-zero target for its financed emissions.
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SEC Takes Action to Restore Shareholder Rights
The SEC today released a Staff Legal Bulletin (14L) rescinding three bulletins released over the past four years that made it difficult for shareholders to exercise their right to present shareholder resolutions for a vote at company annual general meetings.
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Xcel Extends Net-Zero Goal to Include Natural Gas Business
Xcel Energy today announced its commitment to achieving net-zero greenhouse gas emissions from its natural gas business by 2050 and a 25% reduction in emissions by 2030.
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