The largest global oil and gas companies are quietly planning multi-billion dollar investments in new fossil fuel production, including 195 “carbon bombs” or projects that would each release more than a billion tonnes of carbon dioxide emissions (CO2) over the life of each project, according to an investigation by The Guardian.
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In a resounding vote of support for climate action, 91% — representing more than $43.7 billion in assets — of Boeing shareholders supported a Say on Climate resolution filed by As You Sow.
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On March 31, the U.S. Securities and Exchange Commission (SEC) ruled that As You Sow’s shareholder proposal to Travelers insurance company, asking the company to address its Scope 3 financed emissions, can move forward to a vote at the company’s annual general meeting.
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The long-awaited U.S. Securities Exchange Commission (SEC) draft rule on climate disclosure was released today requiring companies to provide Scope 1, 2 and 3 emissions disclosures; any climate-related goals and progress; climate transition plans, if any; climate-related risk assessment information, including transition risk; and climate governance information, among others.
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Shareholder advocacy group Majority Action last week filed an exempt solicitation asking investors to oust two board members — chairman Michael Wirth and board member Ronald Sugar — at oil major Chevron due to the company’s failure to sufficiently cut its carbon emissions.
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Seventy-five investors with $4.7 trillion of assets under management Monday sent a letter to the commissioners at the U.S. Securities Exchange Commission (SEC) to express increasing concern about climate change and the systemic and material risk it builds into the global economy.
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Today, shareholder representative As You Sow released “Road to Zero Emissions: 55 Companies Ranked on Net Zero Progress,” a report ranking companies on their progress in aligning emissions reductions with the 1.5-degree Paris Agreement goal.
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A majority of AutoZone shareholders voted Wednesday in favor of an As You Sow resolution requesting the company report on plans to adopt net-zero climate targets and annually disclose progress. The proposal earned a vote of 70.4% representing shareholder support of more than $25 billion in assets.
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In a resounding vote of support for climate action, 92% of shareholders supported a Say on Climate resolution filed by shareholder representative As You Sow asking the world’s global foodservice leader, Sysco Corporation, for Paris aligned, net-zero targets, an aligned climate transition plan, and annual reporting of progress.
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Shareholder demand for rigorous climate action continues to grow with another majority vote this season. As You Sow, a leading non-profit shareholder advocacy organization, filed a resolution with Booking Holdings, the world’s leading provider of global online travel services, calling for a Paris compliant, net-zero transition plan and annual reporting.
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