A first-of-its-kind shareholder resolution challenging a major petrochemical company on plastics production received majority support (50.4%) from Phillips 66 shareholders at the company’s annual meeting last week.
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As You Sow is pleased to learn via news reports of Starbucks’ commitment to phase out plastic straws at all stores by 2020. A shareholder proposal filed by As You Sow in March, asking the company to phase out plastic straws, received the support of nearly 30% of shareholders, with shares worth $54 billion. In addition, environmental groups collected 1 million signatures on a petition asking for similar action, which was presented to company CEO Kevin Johnson.
Read MoreAs You Sow congratulates McDonald’s Corp. on its industry-leading goal announced today to recycle all post-consumer packaging in all its restaurants by 2025. This action follows several years of dialogue by As You Sow with McDonald’s as well as quick service peers like YUM Brands, Dunkin’ Brands, and Chipotle asking for in-store packaging to be recycled or composted.
Read MoreIn a win for the health of world oceans, McDonald’s Corp. has agreed to end the use of harmful polystyrene foam packaging globally by the end of this year following engagement by shareholder advocacy group As You Sow.
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