Shareholder representative As You Sow today released its 2024 “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report, grading 100 of the largest U.S. companies on their CEO climate-related pay incentives and their ability to drive greenhouse gas emission reductions. The report finds that while pay incentives can be powerful motivators, they need to be quantifiable, significant, and linked to robust climate goals.
Read MoreAs You Sow released its second annual Road to Zero Emissions Report today grading the largest 100 U.S. companies on their progress toward net zero. Compared to last year’s report, 66% of the companies improved their overall grade. However, many still lack value-chain (Scope 3) emissions disclosure and actions demonstrating progress in achieving the emissions reductions necessary to align with global 1.5°C goals.
Read MoreThe California State Legislature passed SB 253 yesterday, which would require Scope 1, 2, and 3 emissions disclosures from all companies operating in California with more than $1 billion in revenue. SB 253 now heads to the Governor for signature.
Read MoreThe Trump administration today announced its final fuel economy rule, rolling back more stringent Obama-era standards. These standards were considered some of the most ambitious and impactful policies to curb climate change emissions from the transportation sector, the largest source of U.S. emissions.
Read MoreAmazon recently announced its new emission reduction initiative, “Shipment Zero,” setting a goal to reduce the climate impact of its shipping and achieve net zero emissions for half its shipments by 2030, prompting the withdrawal of a related shareholder proposal.
Read MoreThe Trump administration announced Thursday that it had decided to scrap negotiations with California over the president’s plan to undo nationally agreed upon fuel efficiency standards for cars and light trucks. This announcement sets the stage for one of its most consequential climate-policy rollbacks.
Read MoreBP announced today that it will support a resolution from investors of the Climate Action 100+ initiative asking the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. The energy giant said the BP board has decided to support the proposed resolution, which will be put to shareholders at the company’s annual general meeting in May 2019.
Read MoreToday, General Motors (GM) shareholders voted on a resolution filed by shareholder representative As You Sow urging the Company to report on how it will address the Trump administration’s proposed weakening of CAFE standards. 26% of GM’s shareholders asked the company for clarity on whether, and to what degree, the company will change its product plans and business strategy as a result of the announced weakening of standards.
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