Investors File 54 Global Warming-Related Shareholder Resolutions

March 9, 2008

Email this story Print this post Add your comments

U.S. investors have filed 54 global warming shareholder resolutions with U.S. companies, nearly doubling the number filed two years ago.Companies targeted in the 2008 proxy season include Dynegy in the electric power sector, Massey Energyin the coal sector, ExxonMobil and ConocoPhillips in oil and gas sectors, U.S. Airways in the airline sector and Standard Pacific in the building sector.

Resolutions were filed by public pension funds, as well as labor, foundation, religious and other institutional investors. Many of the investors are part of the Investor Network on Climate Risk (INCR), an alliance of 60 institutional investors with collective assets totaling more than $5 trillion.

Fourteen of the 54 resolutions were withdrawn by investors after the companies agreed to disclose potential impacts from emerging climate regulations and strategies for reducing greenhouse gas emissions.

Four of the withdrawals involved electric power companies – Allegheny Energy, Alliant Energy, Dominion Resources and Southern – which were all asked to report on their strategies to significantly boost energy efficiency as a way to reduce greenhouse gas emissions. Resolutions have also been withdrawn from Continental, El Paso, Harley Davidson, KB Home , Lowes, Ryder, Big Lots, Parkway Propertiesand Kirby Corp.

Last year, 43 climate-related shareholder resolutions were filed with US companies, of which 15 led to positive actions by businesses such as ConocoPhillips, Wells Fargo and Hartford Insurance. Shareholders withdrew their resolutions against these companies after they made climate-related commitments, although ConocoPhillips has found itself on Ceres’ list again..

See the full list of this year’s resolutions here.

Email this story Print this post Add your comments

Advertisers

Make sustainability part of your strategy.

Get equipped at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader