ExxonMobil sued shareholders, and Danielle Fugere from As You Sow will discuss the implications at the RI USA 2024 panel on December 3 in New York City. Read More →
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The SEC’s advisers on investor issues has a duty to support shareholders who push companies to disclose risks from climate change, artificial intelligence and other matters, as businesses fight them in court, advocates said. Read More →
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“We’re pleased to see 3M setting these targets,” said Danielle Fugere, president of shareholder advocacy group As You Sow, which endorses SBTi validation. “They appear to be doing this in a way that’s transparent, not confusing or misleading.” Read More →
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While that may be an underlying factor, investors are actually serious about climate action, says Danielle Fugere, president and chief counsel at As You Sow, a California-based organization that represents shareholders on social and climate issues. Read More →
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‘General Mills is falling behind its peers in reporting on pesticide reduction, which may negatively impact long-term shareholder value,’ says Danielle Fugere, president and chief counsel at As You Sow, in a statement on the vote. Read More →
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“There has been a change over time,” says Danielle Fugere, As You Sow’s president and chief counsel. Investors have long lined up at the microphone to ask questions. But with the rise of virtual-only settings, Fugere says, “you’re seeing companies obviously picking questions that are friendly to them, and not necessarily responding—or giving the opportunity to shareholders to ask the more difficult questions. We’re seeing even more pushback.” Read More →
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Danielle Fugere, president and chief counsel of As You Sow, was summoned before the committee in March along with the shareholder group’s CEO Andy Behar for 15 hours of questioning. Afterward, Fugere said Jordan’s staff couldn’t provide a legislative reason for why they needed such exhaustive information. Read More →
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These heavy metals make their way into your chocolate through the cacao bean, said Danielle Fugere, president and chief counsel at As You Sow, a nonprofit that worked with the chocolate industry to produce an investigative report on heavy metals in chocolate in 2022. Read More →
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“Shareholders need to have a voice because management doesn’t always get it,” said Danielle Fugere, president of As You Sow, a left-leaning nonprofit foundation that is behind many proposals. “Boards are not always focused.” As You Sow put forward more than 80 shareholder proposals this year, including one on alleged employee harassment at carmaker Tesla and another on competitor General Motors’ policies on deep-sea mineral mining. Read More →
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“Americans are behind. We think it puts companies at a competitive disadvantage globally, said Danielle Fugere, As You Sow’s president and chief counsel. “What we do is bring these issues to the board’s attention and let shareholders weigh in.” Read More →
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As You Sow recommends that companies aim to make at least 5% of the total “performance shares” in their CEO’s long-term incentive plan relate to climate goals. Performance shares are an incentive-based form of stock compensation paid to executives for meeting certain benchmarks. “It can’t be so small in comparison to other payouts that it would not incentivize action,” says Danielle Fugere, president and chief counsel of As You Sow. Read More →
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Currently, many of these bonuses are shrouded in vague language, according to US-based nonprofit As You Sow, which focuses on investor issues ranging from climate change to gender inequalities. “We want to know that executives aren’t simply being rewarded, for instance, for climate metrics they’ve already met,” said Danielle Fugere, As You Sow’s president and chief counsel. Read More →
Read More‘Mining the deep sea for battery-related minerals will create irreversible habitat and ecosystem loss, with the risk of permanently destroying invaluable carbon storage,’ As You Sow states. ‘A commitment or clarification on deep-sea mining from Tesla and [GM] would signal to shareholders and the auto industry that they acknowledge the importance of careful action as vehicle electrification accelerates in the US and abroad.’ Read More →
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“We’re putting that much money into a dirty carbon climate-harming type of energy…why?” said Danielle Fugere, President and Chief Counsel of As You Sow, which works with companies to advance clean energy and sustainability goals. Transitioning fossil fuel subsidies to the clean energy sector can be as easy as setting the national intention, she said. Read More →
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Danielle Fugere is president and chief counsel of As You Sow, one of America’s most prominent nonprofit shareholder advocacy groups. As You Sow nudges the largest U.S. public companies toward adopting the green practices their investors want to see. Read More →
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Danielle Fugere, president and chief counsel of the environmental advocacy group As You Sow, argued that California's enactment of Senate Bill 253 will "shore up" the SEC's draft proposal. "There's been a lot of discussion around whether Scope 3 requirements will be removed from the SEC's proposal," Fugere said, adding that she is hopeful that the California measure "will help the SEC stand firm." Read More →
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Investors at Bank of America, Goldman Sachs, and Wells Fargo also voted on a first-time resolution filed by shareholder representative As You Sow asking them to provide climate transition plans for achieving their 2030 net-zero GHG emissions reduction goals. That measure fared slightly better and was endorsed by about 30% of shareholders.Danielle Fugere, president and chief counsel at As You Sow, said she was pleased with the result. “Roughly a third of investors supporting the proposal indicates that the companies should be responsive,” she said. “It’s a first-year proposal, so we think this is very strong.” Read More →
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“Banks are fundamental to changing the direction of climate change,” said Danielle Fugere, president and chief counsel of As You Sow, a shareholder advocacy nonprofit that has filed shareholder resolutions asking Bank of America, Wells Fargo, JPMorgan Chase, Morgan Stanley, and Goldman Sachs to disclose transition plans describing how they intend to align their financing activities with their 2030 greenhouse gas emissions reduction targets. Read More →
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"I don't ever like to say this, but it feels a little bit like window dressing — that they are attempting to convince investors that they're taking action," says Danielle Fugere, president of As You Sow. "But because they aren't measuring, they aren't disclosing, we don't have a way to measure the effectiveness of those actions." Read More →
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The resolutions were filed by activist shareholder group As You Sow, which the Republicans suggested had targeted Vanguard over its withdrawal. As You Sow President Danielle Fugere said that was not correct as the group had filed similar resolutions last year, before Vanguard's December action. Read More →
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