Posts in Climate Change
Constellation Brands Earns Strong 25% Shareholder Support to Reduce Plastic and Climate-Related Pollution at Annual General Meeting

Constellation Brands released vote totals showing that approximately 25% of shareholders voted in support of stronger emissions goals and a transition towards a circular economy for packaging, two primary and urgent concerns for shareholders and the company.  

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As You Sow Response to Dismissed ExxonMobil Lawsuit Against Shareholders

Late Monday, the United States District Court for the Northern District of Texas dismissed ExxonMobil Corporation’s lawsuit against Arjuna Capital. The dismissal marks what should be the end of an inglorious saga for Exxon, which filed the lawsuit in response to the submission of a shareholder proposal by Arjuna rather than seeking exclusion through the normal Securities and Exchange Commission process.

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Deep-Sea Mining Moratorium Proposal at Tesla Puts the Future of Sustainably-Sourced Metals in the Spotlight

Today, Tesla Inc. (NYSE: TSLA) shareholders will vote on a proposal, filed by shareholder representative As You Sow, asking Tesla to adopt a deep-sea mining moratorium. Tesla has yet to take a public stand on the controversial issue of deep-sea mining, in stark contrast to peers, including BMW, Volvo, Volkswagen, Rivian, and Renault, which have each signed a moratorium. A similar proposal voted on at the General Motors shareholder meeting on June 4 received 12% support, a solid vote of support for this new issue.

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As You Sow Statement on Today’s House Judiciary Anti-Climate, Anti-Investor Subcommittee Hearing

Today, the U.S. House Judiciary Subcommittee on the Administrative State, Regulatory Reform, and Antitrust held a hearing on investors’ action to address climate change, the latest chapter of a protracted investigation into what the Judiciary Committee majority alleges are antitrust violations among investors responding to the severe economic threat posed by climate change. The Committee has targeted As You Sow and 13 other organizations with an investigation. Arjuna Capital, Ceres, and CalPERS were called as witnesses in today’s hearing.

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General Motors Shareholders Support First-Ever Deep-Sea Mining Proposal

Today, 12% of General Motors (NYSE: GM) shareholders voted in support of the first-ever deep-sea mining proposal, a strong vote for a first-of-its-kind proposal that allows it to be filed again next year, if necessary. Filed by shareholder representative As You Sow, the proposal asks General Motors to disclose its policies on the use of deep-sea mined minerals across its supply chain, a request timed to coincide with the company’s expanding production of new electric models to meet emissions requirements and growing customer demand for electric vehicles.

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Chubb Shareholders Support Climate Disclosure as Annual Insured Losses from Extreme Weather Continue to Climb

Today, Chubb Ltd., one of the world’s leading insurers, announced shareholder support of 28.7% for a shareholder proposal calling on the insurer to measure and disclose greenhouse gas emissions (GHG) from its underwriting, insuring, and investment activities in high-carbon companies including fossil fuels. The resolution was filed by investor representative As You Sow and Green Century Capital Management.

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