A document on the agency website noted briefly that SEC staff agreed March 20 with requests by company officials to exclude proposals from a group of shareholders, including the Church of England and As You Sow, asking if the companies will join other oil and gas companies in taking steps to align with the Paris Agreement goal of net-zero emissions by 2050, and calling for reduction targets, long-term business plans and other details. Read More →
Read MoreLila Holzman, energy program manager at As You Sow, a shareholder activist group that filed the Dominion and Sempra resolutions, says the companies have not "gone far enough." 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 MoreFor anyone wondering whether a company’s prosperity is being shared with workers in the form of rising median pay, the mandated reports may provide few real answers. “That’s unfortunate,” said Rosanna Landis Weaver of As You Sow, a nonprofit that lobbied for the disclosure rule. “There just seems to be a deep reluctance to disclose the inequalities that exist within corporations. Companies have resisted this rule for year and years and years — and they are still.” Read More →
Read MoreShareholder advocacy group As You Sow partnered with Energy Innovation to release a study titled “Natural Gas: A Bridge to Climate Breakdown” to look at the potential climate impacts of natural gas as many states enacted legislation in recent years to transition away from carbon-based energy. Read More →
Read MoreAndrew 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 →
Read More“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 →
Read MoreIf 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 →
Read More“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 →
Read More"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 →
Read More“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 →
Read MoreMost 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 →
Read MoreIn its annual 100 Most Overpaid CEOs list — topped by Oracle, Align Technology and The Walt Disney Co. — As You Sow makes the case that oversight of CEO pay is lacking. Read More →
Read MoreInstitutional investors and asset owners have a fiduciary duty toward their beneficiaries and no longer wish to subject their investments to climate change risks, according to Danielle Fugere, president of nonprofit organization As You Sow, one of the shareholders behind the resolution. Read More →
Read MoreCompanies including Goldman Sachs and BlackRock will be forced to confront accusations of hypocrisy at their upcoming shareholder meetings from investors challenging commitments made by corporate America to consider the environment and their workers alongside profitability. Read More →
Read MoreThe big picture: CEO pay has increased so greatly that even the bottom 10% of companies with the worst one-year shareholder returns had CEOs with median pay packages of $12.6 million, As You Sow found. Read More →
Read MoreThree 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 →
Read MoreThe 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 →
Read More"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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