Shareholders care about climate change and energy; in fact, they’re demanding action from the companies they invest in. How do we know this?
According to ClimateBiz of Greener World Media, the number of shareholder resolutions filed with public companies in 2010 has grown from 2009. Eighty-eight US and Canadian companies received a combined 101 shareholder resolutions relating to climate and energy, a 48.5 percent increase.
Investors are demanding more disclosure and action on risks related to climate change and energy. Of the 101 resolutions filed this proxy season, 51 have been withdrawn by investors after their demands were met with action or commitments. Resolutions are generally withdrawn when a company satisfactorily takes steps to address shareholder demands.
The environment is a top-of-mind concern for consumers. Shareholders increasingly are taking note of corporate sustainability initiatives as well. Learn about how your company can take action on climate change by visiting www.carbonfund.org/business. You can read the full ClimateBiz article here.