2014 Shareholder Season Sets Record!
The current proxy season has set a record with the filing of 417 social and environmental shareholder resolutions urging US companies to improve their policies and practices across a wide range of issues. The majority of resolutions this year focus on climate change issues and on corporate political spending. Other key issues being addressed at shareholder meetings nationally in the months ahead include human rights, toxic chemicals, GMOs, responsible banking, deforestation, and recycling. Green America’s Shareholder Resolution Focus List provides a snapshot of a number of the resolutions investors should support this proxy season. And whether you own direct company stock or not – as consumers there are many Green America actions you can take all year long to improve corporate conduct across all of these issues and more.
The Proxy Preview, published today by As You Sow, provides a detailed review of the resolutions filed this season with updates on their status and information on the broader context in which the resolutions were filed. The Proxy Preview is available free of charge and is an indispensable resource for anyone seeking to understand the present shareholder resolution landscape.
Investor action on climate change fits in perfectly with Green America’s long-standing focus on addressing the climate crisis. Investors are filing increasing numbers of resolutions that call for: company goals to reduce greenhouse gas emissions; reports on climate risks; reports on natural gas fracking impacts; and even a resolution at PepsiCo on the elimination from its trucking fleet of fuel from the Canadian tar sands via the Keystone XL pipeline if the pipeline is constructed.
Investors are also taking an interesting approach on GMOs – another major Green America issue campaign. Resolutions at Coca-Cola, Dow Chemical, DuPont, General Mills, and Kraft Food Groups have been filed to ban the companies from making political contributions – these companies were selected because of their significant financial support for efforts to defeat GMO labeling ballot initiatives at the state level.
As Andy Behar, CEO of As You Sow, stated: Shareholders today are looking not at these issues in isolation. Instead, they articulate a systemic critique, pointing out the connections between excessive political spending, inadequate energy policy, the dangers of our changing climate and its damaging impact on water and agriculture, toxic hazards, and how these are related to human rights.”
So vote your proxies when they come in! If you need help deciphering the ballot, Green America can help. We need more shareowners asserting their power to help make crucial changes in corporate America.