New York State and the UK’s Church Commissioners will vote against the entire board of ExxonMobil again this year in response to the US oil giant’s continued “recalcitrant” approach to climate change. Read More →
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Climate change and corporations’ responses to it also are of primary importance to shareholders, according to the 2020 Proxy Preview report released Thursday. The report on the resolutions was compiled by As You Sow, Proxy Impact and other consumer advocacy organizations. Read More →
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Andrew Behar, CEO of environmental resolution sponsor As You Sow, said he credits BlackRock and State Street for boosting SASB, even if ideally companies would also provide a GRI report. Read More →
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“As states clamp down on greenhouse gas emissions, long-lived natural gas infrastructure is increasingly likely to be stranded,” said Lila Holzman of shareholder advocacy group As You Sow, which filed the resolutions. By excluding the resolutions, “These companies are seeking to avoid responsibility for a risk that will only grow.” Read More →
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If American CEO compensation is indeed tied to company performance, many are getting overpaid, according to one corporate responsibility research group. Among them are the chiefs of JPMorgan, Ameriprise, Wells Fargo and Goldman Sachs, according to As You Sow’s new report. Read More →
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“Utilities clinging to business models that rely on fossil fuels are jeopardizing their ability to meet critical climate goals (including their own) and will miss out on opportunities to benefit from new technology advances,” Lila Holzman, As You Sow’s energy program manager, said in a statement. Read More →
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"There’s an increasing awareness that these CEO pay votes really do matter. Very smart people at a variety of funds are really digging deeply into this issue and revamping their proxy voting guidelines," said Rosanna Landis Weaver, program manager of executive compensation at As You Sow. "After six years of our report, we see this trend has continued. Private conversations, known as engagements, are insufficient to deal with the systemic problems." Read More →
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“Study after study shows CEO pay moving upward,” the As You Sow survey said. “CEO pay is a core contributor to America’s extreme and growing income inequality.” Read More →
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Most U.S. power utilities are still investing in gas-fired power plants and pipelines that will be operating “far beyond what is permitted in climate stabilization model,” the As You Sow group said in a report written in collaboration with the policy firm Energy Innovation. Read More →
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Three titans of US banking and investment had their requests to omit shareholder proposals on implementing the Business Roundtable Statement of the Purpose of a Corporation slapped back by the Securities and Exchange Commission (SEC) on Tuesday. Read More →
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The report, “The 100 most overpaid CEOs”, was published this week by As You Sow, a nonprofit organization devoted to amplifying the voice of shareholders on issues including environmental and social causes, and fiscal responsibility by publicly listed corporations. Read More →
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"We appreciate Yum's commitment to phase out foam containers globally as a significant corporate leadership action," Conrad MacKerron, senior vice president of As You Sow, said in a statement. "This is a win for oceans and marine life as foam packaging poses particular threats to wildlife." Read More →
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As You Sow has introduced a shareholder proxy asking for JPMorgan to commit to aligning its financing with the Paris Agreement on climate change. The bank has asked the SEC for permission to omit that proposal and others related to climate change from consideration during the upcoming proxy season. Read More →
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JPMorgan still is not addressing its larger oil and gas portfolio, nor is it committing to align with the Paris climate agreement, said Danielle Fugere, president of As You Sow, an investor climate advocacy group. Read More →
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As You Sow believes more organized, concerted action is needed by producer brands, recyclers, processors, regulators, and advocacy groups to dramatically increase levels of recycling, both to capture the embedded value of these materials, as well as to provide feedstock for the recycled content many brands now promise to use. Read More →
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Another major petrochemical company has agreed to publicly report its plastic pellet pollution under mounting public pressure from an activist shareholders group. Read More →
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Kellogg will work with suppliers to phase out the use of glyphosate as a pre-harvest drying agent in its major wheat and oat supply chains by 2025. Read More →
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Andrew Behar, CEO of As You Sow, a nonprofit organization dedicated to increasing environmental and social corporate responsibility, said in a statement, “It is positive to hear BlackRock make a clear statement on divestment of coal; however we do not see the same rhetoric about oil and gas or the banks that fund continued extraction of fossil fuels. Let’s see if their ESG funds are actually fossil free, including no coal-fired utilities, and if BlackRock votes their shares in support of Paris [climate accord] compliance and net-zero shareholder resolutions.” Read More →
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NEW YORK — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday. Read More →
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If you want to make a big difference in the world using your hard-earned money, you don’t have a lot of tools at your disposal if you’re not extremely wealthy. Read More →
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