Posts tagged Danielle Fugere
“Undemocratic hall pass”: SEC sued over no-action request rule change

“‘Since proposals are generally non-binding, the only real benefit of these changes appears to be shielding companies from having to consider hard issues that would be easier to sweep under the rug’, explains Danielle Fugere, As You Sow’s president and chief counsel.”  Read More →

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Public Citizen Files Lawsuit Challenging Chubb’s Refusal to Circulate Shareholder Proposal on Climate-Driven Insurance Crisis

As You Sow’s proposal addresses a significant policy issue—the affordability and availability of homeowners insurance in the face of climate change—that directly impacts the company’s long-term financial sustainability and carries broad societal implications." Read More →

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Legal hurdles could block Trump’s climate nonprofit tax threat

“Danielle Fugere, president and chief counsel of As You Sow, an institutional shareholder representative and advocacy group, said she is ‘extremely skeptical’ that the Trump administration would be able to defend in court an executive order that arbitrarily excludes environmental groups from 501(c)(3) status due to the administration’s policy preference at the time." Read More →

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While Los Angeles Burns, Judge Says It's Illegal for Investors to Consider Climate Risk

The broad scope of his opinion seems "designed to curb any assessment of climate impact or climate risk," said Danielle Fugere, president and chief counsel of As You Sow. "[The opinion determines] just because American Airlines has adopted climate change principles and BlackRock has too, therefore one can conclude they are colluding in some way or they have conflicts of interest. That's such an enormous leap. It makes no sense in today's market where climate change is a risk, investors and companies have to address those risks, and if they don't, they will be impacted financially and negatively."  Read More →

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Shareholders Say Companies are Using New Tactics to Muzzle Them

“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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