Seeds of Change - E-News Spring 2007
As You Sow Planting Seeds For Social Change
 

In this issue:


Proxy Preview 2007
Vote your Values




Vote Your Values: Proxy Preview 2007

The Proxy Season Preview - Spring 2007 helps foundations and other empowered investors learn about important upcoming proxy votes and ensure that they vote in an informed manner on these social and environmental shareholder resolutions that are directly relevant to their mission or values.

This new publication from As You Sow, Rockefeller Philanthropy Advisors, and the Jessie Smith Noyes Foundation is available at no charge at www.asyousow.org.

Click here for a full list of shareholder resolutions and the dates of the corporate annual meetings.


Apple to Triple E-Waste Take-back

Apple Inc. became the third major U.S. computer brand to set public take back goals for recycling old computers at the request of shareholders led by As You Sow. Apple's announcement, comes a week before a shareholder resolution asking the company to report on its recycling efforts, filed by As You Sow on behalf of the Educational Foundation of America, comes to a vote. As You Sow met with Jobs and CFO Peter Oppenheimer in February to discuss the need for aggressive take back recovery goals and other improvements in computer recycling and chemical policies.

Returning computer equipment directly to producers’ recycling systems, where safe disposal can be verified, greatly reduces the potential for unsafe dumping and disposal of toxic elements in developing countries. As You Sow has worked with Dell, Hewlett-Packard and now Apple to develop a metric to track and measure returned units based on previous sales. In 2006, Apple estimates it took back 9.5% of computers sold seven years ago, a figure close to that of Dell. Under the goals announced today, Apple plans to triple this percentage to 28% by 2010, which would move it significantly ahead of its competitors.

Read more in the San Jose Mercury News and Wall Street Journal.


Targeting PVC

PVC is found in a wide array of common consumer products such as athletic shoes, packaging, computer parts, toys, shower curtains, upholstery, and plastic cable. PVC creates hazards throughout its lifecycle from production, useful life, and disposal. During its useful life it is a major source of volatile organic compounds (VOCs) in homes, a probable factor in soaring asthma rates, and phthalates which can be ingested by children, with likely developmental impacts.

PVC production and incineration results in the creation of several highly toxic chemicals including dioxin, ethylene dichloride and vinyl chloride. These can cause severe health problems, including: cancer, neurological damage, birth defects and impaired child development, reproductive and immune system damage.

Large companies such as Ikea, Adidas, New Balance and The Body Shop have already eliminated PVC from their products, while Wal-Mart has made a major commitment to phase out of PVC by October this year. As You Sow has engaged both Target and Bed Bath & Beyond to explore alternatives.


ExxonMobil to Disclose Soft Money Political Contributions

In response to As You Sow's proposal, ExxonMobil Corp. announced in its 2007 proxy statement that it will disclose its soft money contributions. The company's action followed the filing of a political disclosure shareholder proposal by As You Sow in 2006 and 2007. The 2007 resolution was co-filed by Clean Yield Group. ExxonMobil becomes the 32nd major company to agree to similar disclosure of political contributions as part of a shareholder campaign coordinated by the Center for Political Accountability.

"We are pleased that Exxon Mobil has agreed to adopt transparency and accountability on political contributions," said Conrad MacKerron, director of As You Sow's Corporate Social Responsibility Program. However, the proposal remains on the proxy because it also asked the company to disclose payments made to trade associations used for political activities, including those opposing government action to curb global warming. A detailed analysis of ExxonMobil's disclosures to date is available from the Center for Political Accountability.

As You Sow filed the proposal on behalf of a shareholder client of RBC Dain Rauscher SRI Wealth Management Group (San Francisco) for the purpose of engaging the company on this issue.

Earlier this year As You Sow filed similar resolutions at Monsanto and Home Depot. Those resolutions were withdrawn once the companies agreed to seek information from trade associations about the portion of payments used for political and lobbying purposes.


Harry Potter goes green!

The U.S. edition of "Harry Potter and the Deathly Hallows" will be published on paper containing a minimum of 30% post-consumer waste (PCW) fiber according to a press release put out by Scholastic Inc. and Rainforest Alliance. Further 65% of the paper used to publish over 12 million copies of the book will be Forest Stewardship Council (FSC) certified paper. As You Sow and other shareholders contacted Scholastic Inc. asking the company to commit to use of high levels of PCW and FSC certified fiber. We welcome this move on the company's part and will encourage other book publishers to follow suit.

As You Sow is continuing its efforts to use shareholder pressure to get other publishers including those of leading magazines like Time, Newsweek and BusinessWeek to adopt recycled paper.

Grantee Spotlight: Radio Project

As You Sow's Enforcement Program includes grant making to community groups out of the litigation generated funds secured through its toxics reduction program. One of the recent grantees is the Radio Project which has produced Catch of the Day: Mercury highlighting the risks of mercury pollution.

This program discusses mercury pollution with analysts, EPA, fisherman, mothers and restaurant patrons to explore awareness and challenges of this dangerous pollutant.

As You Sow was instrumental in highlighting the risks of mercury in fish in the 1990s leading to warning signs now found in California supermarkets. Learn more about As You Sow's Environmental Enforcement Program and grants.