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Monday, February 25, 2013

Sharing- ownership and sustainable practices

Investors Demand Climate-Risk Disclosure in 2013 Proxies - Bloomberg: "Bloomberg BNA -- Shareholders are filing resolutions asking companies to disclose physical risks posed by climate change for the first time this proxy season, according to representatives of sustainable investor groups.
Shareholders also are continuing to file an increasing number of sustainability related resolutions asking companies to set greenhouse gas emission reduction goals, publish sustainability reports, pursue energy efficiency, and disclose information about hydraulic fracturing operations.
Although shareholder resolutions on sustainability rarely receive a majority vote, they can still prompt companies to take action to avoid risk to their reputation or address investor concerns, said Jonas Kron, director of shareholder advocacy at Trillium Asset Management. In addition, investors often are engaged in discussions with companies that lead to resolutions being withdrawn before they go up for a vote."

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