Today, shareholders will vote on a shareholder proposal at Cummins’ Annual General Meeting asking the Company to disclose a plan linking its CEO pay to the Company’s GHG emission reduction goals. Cummins, a global engine and power equipment manufacturer, is ranked among the highest emitters in the transportation sector. The proposal was filed by shareholder representative As You Sow.
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Results released late last week showed 25.7% of SkyWest ("the Company") shareholders supported an Amalgamated Bank proposal asking it to adopt a non-interference policy upholding the rights to freedom of association and collective bargaining in its operations. The company faces allegations by the Association of Flight Attendants-CWA that it has retaliated against employees seeking external union representation and that it funds an internal employee association, the SkyWest Inflight Association (SIA), intended to replace independent unionization.
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Major defense contractors Lockheed Martin and RTX (formerly Raytheon Technologies) announced Annual General Meeting vote totals for two climate proposals filed by As You Sow. Thirty-two percent of Lockheed shareholders and 25% of Raytheon shareholders supported proposals requesting the companies disclose plans to reduce full value chain emissions to align with the Paris Agreement's 1.5°C goal, mirroring strong support for similar proposals in 2023.
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As global plastics treaty talks wind down in Ottawa, I was pleased to see key topics like petrochemical production caps and extended producer responsibility front and center in discussions. Those have been the ongoing focus of As You Sow’s plastic pollution conversation with major producers and their customers for several years.
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BERKELEY, CALIFORNIA—MAY 1, 2024 —Today, Coca-Cola shareholders will vote on a proposal calling on the company to report known or potential risks to the company's employees caused by the decline in the quality of their medical care. With headquarters in Atlanta, Coca-Cola employees face the brunt of an existing healthcare crisis in Georgia as a result of legislative interferences in accessible healthcare, posing an immediate threat to their health and wellbeing.
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Today, researchers at the University of Waterloo (Canada), in partnership with As You Sow, released a new report finding more than 2 million employees from 12 tech-sector companies could have earned an estimated $5.1 billion in additional returns had their companies moved to decarbonize their retirement plan holdings 10 years ago. The report analyzed the 401(k) plans of the Big Five tech companies – Amazon, Apple, Google, Meta, and Microsoft – and seven additional tech companies: Adobe, Broadcom, Intuit, Netflix, Oracle, Qualcomm, and SAP America.
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Kellanova, previously the Kellogg Company, released results today from its annual general meeting. Shareholders showed strong support for an As You Sow proposal calling on the company to disclose risks from pesticide use in its supply chain. Pesticides in agricultural supply chains have multiple cumulative environmental and social impacts that present a material risk to Kellanova.
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Shareholder representative As You Sow today released its 2024 “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report, grading 100 of the largest U.S. companies on their CEO climate-related pay incentives and their ability to drive greenhouse gas emission reductions. The report finds that while pay incentives can be powerful motivators, they need to be quantifiable, significant, and linked to robust climate goals.
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ExxonMobil Corporation recently released its 2024 proxy statement, which includes a United Church Funds shareholder proposal requesting that Exxon report on how a reduced demand for virgin plastic would impact the company’s financial position. The proponent designated As You Sow as its representative.
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Today, As You Sow and Proxy Impact released the As You Vote 2024 Proxy Voting Guidelines, a leading resource for investors who want to follow an ESG-aligned voting policy for long-term sustainable growth. As You Vote provides this ESG proxy voting policy for institutional investors through the Broadridge Proxy Edge platform, for individual investors through Iconik, and for mutual fund and ETF pass-thru with Tumelo.
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Citibank today released a climate report containing information on its energy and power clients’ climate transition progress. This information was provided in response to a shareholder proposal filed with Citi this year by As You Sow. The proposal asked Citi to disclose, for each of its sectors with a Net Zero-aligned 2030 target, the proportion of sector emissions attributable to clients that are not aligned with a credible Net Zero pathway and any actions it proposes for shortfalls.
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Today, researchers at the University of Waterloo, in partnership with As You Sow, released a new report finding that Google employees could have earned an estimated $1.15 billion in additional returns, with the financial performance of the company’s retirement plan holdings “estimated to have been higher if they had divested from the Energy Sector ten years ago on an absolute and risk adjusted basis.”
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Today, As You Sow, the Sustainable Investments Institute (Si2) and Proxy Impact released Proxy Preview 2024, a comprehensive review of more than 527 environmental, social and related governance (ESG) proposals submitted by shareholders. This 20th-anniversary edition confirms continued faith by shareholders in using proposals to highlight risks and opportunities for companies, despite political efforts targeting ESG more broadly and the rights of shareholders.
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Today, the Securities and Exchange Commission adopted its long-awaited Climate Disclosure Rule which requires disclosure of greenhouse gas (GHG) emissions, risk analysis, and other climate-related information from publicly registered companies.
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Hormel Foods will cut packaging use by 10 million pounds by 2030, form a new industry working group to advance circular packaging policy and produce a report detailing opportunities for the company to take additional circularity action by later this year. In response, As You Sow agreed to withdraw its shareholder proposal with the company.
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As You Sow and Corporate Knights today released their 11th update of the Carbon Clean200™, a list of 200 publicly traded companies worldwide leading the way among global peers to a clean energy present and future. These companies generated almost double the returns of the main fossil fuel index from July 1, 2016, to January 15, 2024, despite geopolitical tensions that have favored fossil fuel stocks in the past two years.
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Shareholders will vote today on a proposal at Intuit asking for a report describing how the company is protecting employees from climate risk embedded in its retirement plan investment options. In a rapidly warming world, this proposal from shareholder representative As You Sow asks a critical question about how Intuit plans to protect its employees’ life savings from the economic consequences of climate change.
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Tesla and General Motors shareholders are calling for a deep-sea mining commitment in two novel biodiversity proposals filed by As You Sow. Tesla and General Motors have yet to state their position on the issue in stark opposition to peers BMW, Volvo, Volkswagen, Rivian, and Renault. As world leaders and economic titans gather at Davos, biodiversity protection and the risks of deep-sea mining are topics of growing importance.
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As You Sow filed a first-of-its-kind shareholder proposal on Friday asking U.S. tobacco giant Altria to assess and take responsibility for the collection and cleanup costs of trillions of discarded plastic cigarette filters. Used cigarette filters are the most littered form of plastic on the planet, with an estimated marine ecosystem and waste management cost of $26 billion per year.
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AT&T released a Political Congruency Report on Friday providing standard-setting disclosure on its political spending. AT&T committed to release this report as part of a withdrawal agreement with As You Sow on a shareholder resolution last April.
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