Sunday, March 09, 2014

CEOs Face Rising Shareholder Interest in Managing Corporate Climate Risks

Fossil Fuel Assets at Risk Fossil Fuel Assets at Risk (Credit: www.ceres.org) Click to enlarge.
Activist investors will put forward a record 142 shareholder resolutions during the upcoming proxy season asking corporations to strengthen their environmental commitments in areas ranging from greenhouse gas reductions and energy efficiency to deforestation and water use.

The resolutions, a list of which was released Friday morning by the nonprofit group Ceres, cover a broad range of topics and industries.  But a common thread running through many of the documents is a demand for greater transparency about the risks associated with the production and use of carbon-based fuels and the resulting greenhouse gas.

"Investors are not standing still as the climate crisis worsens," Mindy Lubber, president of Ceres and director of the Investor Network on Climate Risk, said in a statement announcing the resolution campaign by 35 institutional investors, including public pension funds in New York, California and Connecticut.  "These wide-ranging resolutions reflect a deepening concern that stronger actions from companies are needed."

CEOs Face Rising Shareholder Interest in Managing Corporate Climate Risks

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