Timed to the 2020 Annual General Meeting (AGM) season, shareholder advocacy non-profit As You Sow filed seven shareholder resolutions, on behalf of individual proponents, that specifically requested material disclosure compliant with environmental and social corporate reporting standards published by the Sustainability Accounting Standards Board (SASB). Read More →
Read MoreBlackRock Inc. shocked Wall Street in January when CEO Larry Fink announced that the wealth mammoth was overhauling its investment strategy and putting sustainability at its core. Read More →
Read MoreContinuing a recent trend that began in the 2019 proxy season, Berkeley, California-based proponent As You Sow has once again come to an oil and gas company operating on the Gulf Coast to request that it report on the public health risks of expanding petrochemical operations in the environmentally risky region.
Read MorePhillip Goldstein, a co-founder of Bulldog Investors LLC, wrote the SEC in March to urge the agency to stop a potential move by companies to opt out of the rule by only allowing votes on shareholder proposals that have been approved by a company board… Other stakeholders such as Andrew Behar, the chief executive officer of the non-profit organization As You Sow, says worries about excessive shareholder proposals are overblown. Read More →
Read MoreOne proposal asks the company to report on how expanding the operations of its chemical division, CPChem, may affect public health in areas prone to climate-change-related natural disasters… The organization that brought the proposal to the board, As You Sow, is a nonprofit group that uses shareholder advocacy to push for socially responsible business practices in several industries. Read More →
Read More“This year can be an inflection point,” says As You Sow’s Andrew Behar. “The 2020 proxy season will test if investors and companies will help define a new economic paradigm or if these endorsements are just empty words.” Read More →
Read MoreReferring to a recent policy change by the Business Roundtable to endorse stakeholder capitalism, driven in part by shareholder advocacy, As You Sow CEO Andrew Behar said in the same statement that the 2020 proxy season "will test if investors and companies will help define a new economic paradigm or if these endorsements are just empty words." Read More →
Read MoreClimate 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 →
Read MoreShareholders filed proposals on nearly 400 environmental, social and sustainability issues at U.S. companies through mid-February.
Read MoreProxy season is underway, in which companies face their shareholders and their concerns on social issues, and there has been a surge in human rights proposals aimed at such issues as immigration rights and detention, child sexual exploitation, hate speech and privacy.
Read MoreProponents have filed at least 386 shareholder resolutions on environmental, social and sustainability issues for the 2019 proxy season, Environmental, Social & Sustainability Resolutions with 303 still pending as of February 15.
Read MoreWhen investing client assets in ESG-focused funds, don’t just consider a fund’s investment strategy and holdings; look also at its proxy voting history and current votes on shareholder resolutions, now that the proxy voting season is underway. What you find may surprise you and/or your clients.
Read MoreClimate change questions don’t get more fundamental than this one: How much time is left to act before it is too late?
Read MoreGuns, opiods and climate change are the dominant issues shareholders are focusing on in resolutions filed this proxy season, according to the Proxy Preview 2019 report released Tuesday.
Read MoreHOUSTON — Facing investor pressure, one of America’s biggest oil producers has committed to setting targets to reduce emissions of methane, a potent greenhouse gas, from its oil and gas wells.
Read MoreProxy Preview 2019 reveals intensified shareholder pressure on corporations across a wide range of ESG issues from climate and political spending to women.
Read MoreNEW YORK, March 6 (Thomson Reuters Foundation) - A fresh round in the battle for equal pay will be fought at upcoming U.S. corporate annual meetings, where investors will demand that firms reveal how much less women earn than men.
Read MoreCompanies are under more pressure than ever to disclose their exposure to climate-change risks. In the coming annual-meeting season, companies are projected to face a record of 75 or more climate-related shareholder proposals, up from 17 in 2013, according to ISS Analytics, the data-intelligence arm of Institutional Shareholder Services.
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