Investors at Chevron Corporation’s annual meeting will vote today on a shareholder resolution put forward by As You Sow and Arjuna Capital. The resolution asks Chevron to report to shareholders on how the company plans to transition its business model to successfully align with a decarbonizing energy market, while also taking a role in helping to limit the planet’s warming to under two degrees Celsius.
Read MoreAs 2018’s annual general meetings press on, attention this week turns to Chevron. Among the shareholder resolutions awaiting a vote on the proxy are two from shareholder advocacy organization As You Sow.
Read MoreExxonMobil today announced an intent to reduce methane emissions by 15% by 2020 and undertake other greenhouse gas reduction measures at refining and chemical manufacturing operations focused on efficiency improvements. This announcement follows a successful shareholder vote of nearly 40% on As You Sow’s 2017 methane resolution with ExxonMobil asking the company to detail plans to curtail its methane emissions.
Read MoreNearly a third of food and beverage giant Mondelez International’s shareholders supported a proposal by As You Sow presented at its annual meeting yesterday asking the company to set a time table to phase out non-recyclable plastic packaging, signaling strong concern that Mondelez is introducing liability to its brand through slow action toward recyclability.
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Today, a majority of Anadarko shareholders voted in favor of an As You Sow proposal asking the Company to assess the risks to its portfolio of scenarios consistent with limiting global warming to 2 degrees Celsius or below, as defined in the Paris Agreement. Shareholders have signaled a need to understand how Anadarko will retain its value in an increasingly low carbon energy market.
Read MoreFord Motor Company’s shareholders delivered a strong message to the Company, today, with 24% voting for clarity on the Company’s near term actions on fuel economy. Danielle Fugere, president of As You Sow, had this to say:
Read MoreShareholders will add their voices to the growing national concern about sharply weakened fuel economy standards at Ford Motor Company’s annual meeting tomorrow.
Read More“We commend Dominion for listening to its stakeholders and continuing to improve the company’s methane management and reporting,” said Lila Holzman, Energy Program Manager at As You Sow. “This enhanced disclosure is an important step that must now be followed by intentional target setting to ensure future methane reductions.”
Read MoreA shareholder proposal to curb antibiotic use received significant support at the Denny’s annual meeting today, with over 15% of shares voting in favor.
Read More“Entergy, like the rest of the utility sector, is at an existential fork in the road. Choose the wrong path and it will run into a huge competitive threat, namely in the form of consumer-owned rooftop solar and storage,” said Natasha Lamb, Managing Partner, Arjuna Capital. “Anticipate the threat and Entergy can turn instead toward distributed energy as business opportunity.”
“Utility customers, both large and small, are demanding clean energy. Utility companies must adapt or lose business,” noted Lila Holzman, Energy Program Manager, As You Sow. “Entergy’s commitment to undertake a two-degree carbon risk analysis is a positive step and shows the company is thinking about how it will thrive in a low carbon future.”
Read MoreThis vote highlights growing shareholder concern about the risks created by the toxic coal ash residuals Ameren creates when it burns coal to generate electricity. In recent years, this resolution has gained ever-increasing shareholder support, earning the first clear majority this year.
Read MoreWe applaud the actions taken today by 17 attorneys general to protect current vehicle standards. These standards serve the planet, investors, and automakers extremely well, successfully reducing greenhouse gas emissions and air pollution while creating cost savings for consumers.
Read Moreoday, the Securities and Exchange Commission (SEC) released a crucial decision holding that Chevron Corp. must respond to shareholders’ climate risk related shareholder proposals and cannot exclude them from the ballot at the company’s annual meeting.
Read MoreLast week, ExxonMobil successfully silenced shareholders when it asked the Securities and Exchange Commission (SEC) to block As You Sow and Arjuna Capital’s “Low Carbon Business Model” resolution.
Read MoreThe recent ExxonMobil climate risk report, 2018 Energy and Carbon Summary, provided to shareholders in response to a 62% majority vote, has been assessed by experts to be “defective,” “unsatisfactory,” and “inadequate.”
Read MoreNearly a third of Starbucks’ shareholders at the company’s Annual General Meeting last week supported an As You Sowresolution asking the company to phase out use of plastic straws and develop aggressive plans to meet packaging reuse and recycling goals.
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Actor, filmmaker and UN Environment Goodwill Ambassador Adrian Grenier will present As You Sow’s shareholder resolution Wednesday, March 21 at Starbucks’ annual general meeting asking the company to take bold action to reduce its global plastic footprint.
Read MoreProxy Preview 2018, released today by As You Sow, the Sustainable Investments Institute (Si2), and Proxy Impact, offers a comprehensive look at more than 400 shareholder resolutions filed on environmental, social and sustainable governance (ESG) issues. The report shows how investors continue to seek accountability on climate change risk and corporate political spending, but have growing concerns regarding the treatment of women. Other key issues include gun laws, the opioid crisis, fake news and human trafficking.
Read MoreToday’s release of The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? from shareholder advocacy group As You Sow revealed that the largest fund managers displayed a strong reluctance to vote against exorbitant executive compensation packages. With a growing number of Americans concerned about wealth inequality, fund managers Blackrock and Vanguard have both been speaking out against high pay packages, but have not often used the power of their proxy cast votes against them.
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