“The successes this season show that when investors set the bar high, the companies in their portfolios strive harder to integrate sustainability into their business practices,” said Mindy Lubber, President of Ceres and Director of the Investor Network on Climate Risk, which helped coordinate the filing of the resolutions. “These productive investor-company dialogues often help companies build a positive reputation and achieve high returns on investments in greenhouse gas reduction initiatives.”
Other commitments resulting from the 2014 proxy season include:
- 15 companies agreed to issue comprehensive, annual sustainability reports in response to resolutions from a variety of investors.
- Five companies committed to work with their key suppliers to get the suppliers to issue annual sustainability reports in response to resolutions filed by the New York City Comptroller’s Office.
- Seven companies agreed to enhance energy efficiency in response to resolutions from the California State Teachers Retirement System.
For more information and to view these shareholder resolutions, visit:
Ceres is an advocate for sustainability leadership. Ceres mobilizes a powerful coalition of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Ceres directs the Investor Network on Climate Risk (INCR), a network of over 100 institutional investors with collective assets totalling more than $13 trillion. Ceres also directs Business for Innovative Climate and Energy Policy (BICEP), an advocacy coalition of nearly 30 businesses committed to working with policy makers to pass meaningful energy and climate legislation. For more information, visit www.ceres.org.