The U.S. Securities and Exchange Commission (SEC) rejected Amazon’s request to exclude a plastic packaging shareholder proposal from its 2025 proxy materials.
Today, As You Sow announced that the U.S. Securities and Exchange Commission (SEC) has determined that shareholder representative As You Sow’s proposal calling for Pepsi Co to reduce its use of non-recyclable flexible plastic packaging, should remain on the Company’s proxy statement.
The U.S. Securities and Exchange Commission (SEC) has determined that shareholder representative As You Sow’s shareholder proposal with Goodyear Tire, which addresses microplastic pollution, should remain on the Company’s proxy.
Today, As You Sow announced that First Solar Inc. (NYSE: FSLR) committed to exclude minerals mined from the deep seabed from its supply chain until scientific findings are sufficient to assess the environmental risks of this potentially devastating new mining process.
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.
Today, As You Sow, in partnership with Ubuntoo, an environmental solutions platform, released their “2024 Plastic Promises Scorecard” ranking 225 global companies across 15 industries on their ambition and actions to reduce plastic packaging pollution. One major finding of the report is the significant gap between companies’ stated plastic reduction commitments and actions taken to meet those commitments.
Vote totals were released last Wednesday, May 31, for Exxon’s 2024 Annual General Meeting. The meeting was unique for both its tone and substance, with Exxon openly vilifying and disparaging its investors for asking questions about the future direction of the company.
Tomorrow, ExxonMobil’s (NYSE: XOM) shareholders will vote on a proposal filed by United Church Funds and represented by As You Sow calling on Exxon to report how a significant reduction in virgin plastic demand would impact the company’s financial position and the assumptions underlying its financial statements. Exxon tried and failed to block the proposal at the Securities and Exchange Commission (SEC) in March of this year, one of many confrontational actions by Exxon targeting shareholders this proxy season.
As global plastics treaty talks wind down in Ottawa, I was pleased to see key topics like petrochemical production caps and extended producer responsibility front and center in discussions. Those have been the ongoing focus of As You Sow’s plastic pollution conversation with major producers and their customers for several years.
As You Sow filed a first-of-its-kind shareholder proposal on Friday asking U.S. tobacco giant Altria to assess and take responsibility for the collection and cleanup costs of trillions of discarded plastic cigarette filters. Used cigarette filters are the most littered form of plastic on the planet, with an estimated marine ecosystem and waste management cost of $26 billion per year.
