“Banks have made significant progress over the last five years, but they need to set policies and be more transparent about how they are reaching their climate goals,” said Danielle Fugere, president of activist shareholder As You Sow, which is part of the group that filed the resolutions. Read More →
Read More“Politics should be separate from markets,” said Danielle Fugere, president of shareholder advocacy group As You Sow. “The world is transitioning towards a greener economy, and markets are adjusting to that. It is absurd for lawmakers to think that they’re going to put a stop to that progress. It would be detrimental to U.S. businesses.” Read More →
Read MoreBy constraining the U.S. Environmental Protection Agency's authority to regulate greenhouse gas emissions from coal- and gas-fired power plants, the court put responsibility on investors looking to slow climate change, said Andrew Behar, chief executive of the nonprofit group As You Sow, a which often files shareholder resolutions. Read More →
Read MoreSustainability advocates say they aren’t concerned about the spike in conservative shareholder resolutions. “If they’re bona fide shareholders, they have a right to file a resolution and all shareholders will vote on it,” said Andrew Behar, the CEO of As You Sow. “That’s part of capitalism.” Read More →
Read MoreAnd it’s up from early predictions in Proxy Preview, a sweeping report compiled by nonprofits As You Sow, Proxy Impact, and Si2. The number of proposals “tightly focused” on climate change alone rose to 113 from 85 last year and 68 in 2020, according to Si2. Six of 17 shareholder proposals that won a majority vote (so far) are tied to racial justice. And issues directly tied to workers like safety were on 65 ballots going into the season, Proxy Preview found. The calculations are derived from regulatory filings with official vote counts, so aren’t final. Read More →
Read MoreDanielle Fugere, president and chief counsel of shareholder advocacy group As You Sow, talks to Ben Maiden about a record year for ESG investor proposals and trends in engagement with companies. Read More →
Read MoreAs You Sow president Danielle Fugere says in a statement following the AGM: ‘With this strong vote, investors have made it clear that companies must fully address how the global transition away from fossil fuels will affect their companies’ bottom line and future success. As demonstrated by the IEA net-zero by 2050 scenario, a clear pathway to achieving net-zero emissions exists – and it requires a rapid movement away from fossil fuel-based energy. Read More →
Read MoreAs shareholder activist groups strategize for next year, more are planning to take direct aim at corporate managers who don’t deliver on climate. And although outright victories remain rare, the vote gap is closing as more mainstream investors recognize that climate change is a business risk. “Companies that aren’t transitioning aren’t good investments,” said Danielle Fugere, president of shareholder group As You Sow. “That message is loud and clear.” Read More →
Read More“Their current financial statements don’t truly take climate risk into account,” said Danielle Fugere, president of the shareholder advocacy group As You Sow. “They are looking at significant growth of fossil fuel assets and fossil fuel demand over the next two or three decades. What happens to your business if we are successful in meeting the net-zero goals that we set in Paris? How many write- offs are there? What happens to your asset retirement obligations?” Read More →
Read MoreFor instance a fund based on the S&P 500 ESG Index, the SPDR S&P 500 ESG ETF, received the low rating "D" by climate activist research group As You Sow, which noted despite its title and sustainability mandate, fossil fuel stocks make up 6.5% of fund assets. Read More →
Read MoreTesla was recently tagged by sustainable investing advocate As You Sow in a report that ranked 55 companies on their “green” progress.
Most major corporations tell customers and shareholders they’re working toward zero greenhouse gas emissions in the coming years and decades, doing their part to slow global warming. But the speed of progress varies. And many still rely on buying permission to pollute through carbon offsets rather than changing how they source energy, the As You Sow investing group charged. Others, even environmental groundbreaker Tesla, earned poor marks for not publicly sharing emissions data at all. Read More →
Read More“They are holding a steady course. That hasn’t always been the case when we see a price spike. I think that is good news and a sign of how much the transition is impacting companies,” said Danielle Fugere, president and chief counsel of As You Sow, a nonprofit that advocates for socially responsible investing Read More →
Read MoreAccording to an SEC filing, 91.36 percent of the votes cast at the company’s recent AGM backed a proposal filed by As You Sow asking that Boeing’s board release a report ‘evaluating and disclosing if and how the company has met the criteria of the net-zero indicator, including Scope 3 use of product emissions, or whether it intends to revise its policies to be fully responsive to such [an] indicator.’ Read More →
Read MoreAs You Sow, the nonprofit that submitted the two shareholder resolutions at Caterpillar, said it supported companies experimenting with different ways of reducing environmental impacts but hopes the company will disclose more about its efforts. Read More →
Read MoreDanielle Fugere, president and chief counsel of As You Sow, discusses the non-profit’s latest thinking on climate risk and the need for measurable net-zero emissions targets. Read More →
Read MoreDaniel Stewart of As You Sow compares GE in the current moment to another American industrial icon: GM. Read More →
Read More“What this spill does is underscore the need to move away from oil to other cleaner sources of energy,” said Danielle Fugere, president of As You Sow, a non-profit shareholder advocacy group focused on environmental and social issues. Read More →
Read MoreDanielle Fugere began her legal career as an environmental lawyer eking out a living one case at a time. Now, as chief counsel and president of As You Sow … Read More →
Read More“The company is just very much wedded to natural gas being part of reducing emissions,” said Daniel Stewart, a program manager at As You Sow, a nonprofit that works with corporate shareholders to advocate for stronger climate action. “From investors’ side, there’s just an increasing level of skepticism about what sort of role natural gas can play.” Read More →
Read MoreDanielle Fugere, president of As You Sow, says in a statement: ‘Investors support this commitment by [GE] to take responsibility for the climate impact from use of its products and to transition to a more sustainable business model. Read More →
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