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 Of the 101 resolutions filed this proxy season, 51 have been withdrawn by investors after their demands were met with action or commitments. Resolutions are generally withdrawn when a company satisfactorily takes steps to address shareholder demands.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.
[caption id="attachment_4855" align="alignright" width="300" caption="NASA graphic on temperature deviations the past decade (click to enlarge)"][/caption] The study follows an analysis by NASA's Goddard Institute for Space Studies showing that the last decade, from January 2000 to December 2009, was the warmest on record. The Stanford-led study reveals that intense heat waves, equal to the longest on record from 1951-1999, are likely to occur as many as five times between 2020-2029 over parts of the US. The study also raises concerns that the targeted 2-degree Celsius maximum temperature increase by policymakers may be too high a threshold to prevent extreme temperatures. The target was cited, for example, in the climate accord by the US and over 100 other countries at the UN Copenhagen climate change conference in 2009. "Our results suggest that limiting global warming to 2 degrees C above pre-industrial conditions may not be sufficient to avoid serious increases in severely hot conditions," Diffenbaugh said. Learn more about your climate impact and reducing your carbon footprint, as well as how you can offset in support of carbon reduction projects around the world by visiting www.carbonfund.org.