As You Sow will scrutinize the S&P 500, arguing that companies with big Earth-friendly pledges, including Amazon and Comcast, offer funds full of polluters or social inequity. Read More →
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Shareholder advocate As You Sow and a group of asset managers recently filed climate-focused resolutions with a large segment of the U.S. banking industry, including JPMorgan ChaseJPM, Wells FargoWFC, Bank of AmericaBAC, Goldman SachsGS and CitigroupC. Read More →
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“The SEC’s rule demonstrates a failure to comprehend that [Environmental, Social and Governance] issues, including climate change, increasingly have material impacts on company value,” said Andrew Behar of As You Sow, a nonprofit, ESG-issue expert that often represents shareholders on a range of material issues. Read More →
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“We are pleased that U.S. banks are finally stepping up to the challenge of measuring and reducing climate impacts as European peers already have. Morgan Stanley’s commitment shows that digging in and taking responsibility for its climate contribution is good business. We expect other U.S. banks to take note,” said Lila Holzman, energy program manager at As You Sow, a sustainable-investing advocate. Read More →
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As You Sow, an environmental and corporate social responsibility advocacy group, wanted the lender to issue a report “outlining if and how it intends to reduce the greenhouse gas emissions associated with its lending activities in alignment” with global temperature goals established by the Paris Agreement. The Paris pact has called for maintaining global warming well below 2 degrees Celsius. Read More →
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In his presentation of the proposal, Andrew Behar, CEO of the non-profit organization As You Sow, which promotes investor action on sustainable practices at corporations, said: “We agree with the World Economic Forum, the Business Roundtable and BlackRock on the path forward. This requires an alignment of words and actions. Yet historically, BlackRock has voted for nearly every egregious CEO pay package and against nearly every climate resolution. This cognitive dissonance is troubling.” Read More →
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“Larry Fink has always had a large megaphone and his pronouncements on climate have been important, [but] we need to see action from BlackRock — from supporting climate-related shareholder proposals, to offering fossil-free options in 401(k) funds, to ensuring wide access to, and promotion of, passive funds that tilt away from fossil fuel-based energy,” said Danielle Fugere, president and chief counsel of As You Sow, a nonprofit shareholder advocacy firm focused on environmental issues and social corporate responsibility. Read More →
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The Securities and Exchange Commission proposed Tuesday two long-anticipated rules that seek to limit shareholders’ influence over how companies address contentious issues such as climate change and executive compensation.
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Consumer goods giant Unilever has committed to halving the new plastic for its goods by 2025 — a goal that would cut its use to 386,000 tons of new plastic each year from around 772,000 tons in 2018.
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