Posts in Governance
The Walt Disney Co: Report on Assessing Systemic Climate Risk from Retirement Plan Options

BE IT RESOLVED:  Shareholders request Disney publish a report disclosing if and how the Company is protecting retirement plan beneficiaries, especially those with a longer investment time horizon, from increased future portfolio risk created by present-day investments in high-carbon companies.

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Delta Air Lines Inc: Respect for Freedom of Association and Collective Bargaining

BE IT RESOLVED: The Board of Directors of Delta Airlines shall adopt and disclose a Non-Interference Policy (Policy) upholding the rights to freedom of association and collective bargaining in its operations, as reflected in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work. The Policy should contain a commitment of:

  • Non-interference when employees seek to form or join a trade union, and a prohibition against acting to undermine this right or pressure employees not to form or join a trade union;

  • Good faith and timely collective bargaining if employees form or join a trade union;

  • Uphold the highest standard where national or local law differs from international human rights standards;

  • Define processes to identify, prevent, account for, and remedy practices that violate or are inconsistent with the Policy.

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Rivian Automotive Inc: Respect for Freedom of Association and Collective Bargaining

BE IT RESOLVED: Shareholders request the Board of Directors adopt a Human Rights Policy which states the company’s commitment to respect human rights as outlined in the United Nations Guiding Principles (“Guiding Principles”) and the International Labour Organization Declaration on Fundamental Principles (“Fundamental Principles”) within its direct operations, and describing steps to identify, assess, prevent, reduce, and, where appropriate, remedy adverse human rights impacts connected to its business.

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Intuit Inc: Protect Future Retirement Plan Beneficiaries from Portfolio Climate Risk

BE IT RESOLVED:  Shareholders request Intuit publish a report disclosing how the Company is protecting plan beneficiaries — especially those with a longer investment time horizon — from the increased future portfolio risk created by present-day investments in high-carbon companies.

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Microsoft Corp: Protect Future Retirement Plan Beneficiaries From Portfolio Climate Risk

BE IT RESOLVED:  Shareholders request Microsoft publish a report, at reasonable expense and omitting confidential information, disclosing how the Company is protecting Plan beneficiaries with a longer investment time horizon from the increased future portfolio risk created by present-day investments in high-carbon companies.

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Campbell Soup Co: Protect Future Retirement Plan Beneficiaries from Portfolio Climate Risk

BE IT RESOLVED:  Shareholders request Campbell’s publish a report disclosing how the Company is protecting plan beneficiaries — especially those with a longer investment time horizon — from increased future portfolio risk created by present-day investments in high-carbon companies.

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Delta Air Lines Inc: Respect for Freedom of Association and Collective Bargaining

BE IT RESOLVED:  The Board of Directors of Delta Airlines shall adopt and disclose a Non-interference Policy (“Policy”) upholding the rights to freedom of association and collective bargaining in its operations, as reflected in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work (“Fundamental Principles”). The Policy should contain a commitment to:

  • Non-interference when employees seek to form or join a trade union, and a prohibition against acting to undermine this right or pressure employees not to form or join a trade union;

  • Good faith and timely collective bargaining if employees form or join a trade union;

  • Uphold the highest standard where national or local law differs from international human rights standards;

  • Define processes to identify, prevent, account for, and remedy practices that violate or are inconsistent with the Policy.

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Mastercard Inc: Disclosure of Incongruent Lobbying Activity

BE IT RESOLVED:  Shareholders request the Board publish a report, at reasonable expense, analyzing the misalignment of Mastercard’s political and electioneering expenditures during the preceding year against Mastercard’s publicly stated company values and policies, listing and explaining any instances of incongruent expenditures and stating whether the Company has made, or plans to make, changes in contributions as result of identified incongruencies.

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Rivian Automotive Inc: Respect for Freedom of Association and Collective Bargaining

BE IT RESOLVED: Shareholders request the Board of Directors adopt a comprehensive Human Rights Policy which states the Company’s commitment to respect human rights as outlined in the United Nations Guiding Principles (“Guiding Principles”) and the International Labour Organization (“ILO”) Declaration on Fundamental Principles (“Fundamental Principles”) throughout its operations and value chain, and describes steps to identify, assess, prevent, mitigate, and, where appropriate, remedy adverse human rights impacts connected to the business.

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Amazon.com Inc: Report on Assessing Systemic Climate Risk From Retirement Plan Options

RESOLVED: Shareholders request that the Board publish a report, at reasonable expense and omitting confidential information, disclosing how the Company is protecting Plan beneficiaries with a longer investment time horizon from climate risk in the Company’s default retirement options.

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Meta Platforms Inc: Report Risks Related to Company Failures in Content Governance

BE IT RESOLVED: Shareholders request the Board, at reasonable expense and excluding proprietary or legally privileged information, prepare and publish a report analyzing why the enforcement of “Community Standards” as described in the “Transparency Center” has proven ineffective at controlling the dissemination of user content that contains or promotes hate speech, disinformation, or content that incites violence and/or causes harm to public health or personal safety.

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Nordstrom Inc: Report on Impact of Use of Concealment Clauses

BE IT RESOLVED: Shareholders of Nordstrom, Inc. (“Nordstrom”) ask the Board to prepare a public report assessing the potential risks to the company associated with its use of concealment clauses in the context of harassment, discrimination, and other unlawful acts. The report should be prepared at reasonable cost and omit confidential information.

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Chipotle Mexican Grill Inc: Respect for Freedom of Association and Collective Bargaining

BE IT RESOLVED: the Board of Directors of Chipotle Mexican Grill, Inc. (“Chipotle”) shall adopt and disclose a Noninterference Policy (the “Policy”) upholding the rights to freedom of association and collective bargaining in its operations as reflected in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work (“Fundamental Principles”). The Policy should contain commitments to the following:

• Non-interference when employees exercise their right to form or join trade union, which includes prohibiting Chipotle from undermining this right or pressuring employees seeking to form or join a trade union;

• Good faith and timely collective bargaining if employees form or join a trade union;

• Where national or local law is silent or differs from international human rights standards, Chipotle will follow the higher standards; and

• Processes to identify, prevent, account for and remedy any practices that violate or are inconsistent with the Policy.

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JPMorgan Chase & Co: Disclosure of Incongruent Lobbying Activity

BE IT RESOLVED: Shareholders request the Board publish a report, at reasonable expense, analyzing the congruence of Chase’s political and electioneering expenditures during the preceding year against Chase’s publicly stated company values and policies; listing and explaining any instances of incongruent expenditures; and stating whether the company has made, or plans to make, changes in contributions or communications to candidates as a result of identified incongruencies.

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CVS Health Corp: Report on Impact of Use of Concealment Clauses

BE IT RESOLVED: Shareholders of CVS Health Corp. (“CVS”) ask that the Board of Directors prepare a public report assessing the potential risks to the Company associated with its use of concealment clauses in the context of harassment, discrimination, and other unlawful acts. The report should be prepared at reasonable cost and omit proprietary and personal information.

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AT&T Inc: Alignment of Stated Corporate Values with Political and Electioneering Expenditures

BE IT RESOLVED: Shareholders request that AT&T publish a report, at reasonable expense, analyzing the congruence of the Company’s political and electioneering expenditures during the preceding year against publicly stated company values and policies, listing and explaining any instances of incongruent expenditures, and stating whether the Company has made, or plans to make, changes in contributions or communications to candidates as a result of identified incongruencies.

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