Posts Tagged ‘proxy season’

Proxy Preview 2012: Energy and Politics

February 28, 2012

FEB. 28, 2012: Si2 released today Proxy Preview 2012, a comprehensive look at all the shareholder resolutions filed for the spring corporate annual meeting season, in collaboration with As You Sow and Proxy Impact. The report includes a collection of viewpoints from investor proponents of the resolutions and profiles of key players. It finds that political spending proposals now account for one-third of all social and environmental filings, about even with environmental and sustainability proposals. Key environmental issues raised include coal risks and the community impacts of hydraulic fracturing.

The full report is available for free download on the As You Sow website.

Executive Director Heidi Welsh was interviewed by NPR’s political money reporter, Peter Overby, on Morning Edition, in a story that also featured SEC Commissioner Luis Aguilar, Allen Dickerson of the Center for Competitive Politics, New York State Comptroller Thomas DiNapoli and Bruce Freed of the Center for Political Accountability. Listen to the story here.

Si2 Proxy Season Analysis 2011 on Harvard Governance Blog

October 14, 2011

In collaboration with Tim Smith of Walden Asset Management, the Harvard Law School Forum on Corporate Governance and Financial Regulation recently published Si2′s analysis of the 2011 proxy season. The article was adapted from the executive summary of our in-depth Mid-Year Report on the results of proxy season, published in August for our members.

Majority Vote at Ameren

April 28, 2011

The first majority vote of the season is in. Investors at Ameren cast 52.7 percent of their shares in support of a resolution that asked the company to report, “above and beyond current compliance, to identify and reduce environmental and health hazards associated with past and present handling of coal combustion waste, and how those efforts may reduce legal, reputational and other risks to the company’s finances and operations.” The company reported the resolution did not pass, since it counted abstentions in its voting calculation (figured that way, it was 46 percent). However it’s figured, it is clear that investors want the company to tell them more about how it plans to cope with regulations that are putting increasing restrictions on coal-burning–a major source of U.S. greenhouse gas emissions. Preliminary results from Energen, which received a proposal asking for a report on hydraulic fracturing, show that about half of the investors there also are not sanguine about fracking’s risks and want more information, as well.

Here’s Si2′s Action Report on Ameren for more on the company and its exposure to coal risks:2011 Si2 Action Report – Ameren – Natural Resource Management (Coal)

Proxy Preview Webinar

February 17, 2011

PROXY SEASON FORECAST: Si2′s comprehensive 2011 Proxy Season Forecast became available to members on February 15, with information on all the new issues, SEC developments, and predictions for this spring. In a new collaboration this year, a version of the impartial Si2 Forecast will be included in Proxy Preview 2011, published by the As You Sow Foundation, alongside a collection of 14 advocacy group viewpoints. The report will be launched with a free webinar on February 23.

See more information and sign up for the webinar at www.proxypreview.org.

New Action Report on Microsoft

October 29, 2010

We recently published an Action Report on the pending shareholder resolution about sustainability at Microsoft, which investors will vote on at the company’s annual meeting on November 16. The report is one of the last to be issued for the 2010 proxy season year. Here’s the report: 2010 Si2 Action Report – Microsoft – Sustainability

Mid-Year Proxy Season Review

July 22, 2010

Mid-year results from the 2010 proxy season show unprecedented levels of support for social and environmental issues. A copy of the executive summary is available here: 2010 Si2 Proxy Season Mid-Year Review – Executive Summary

Here’s a quick overview of the issues shareholder activists raised this year:
Proposals Results Jan – June 2010 – All Proposals Filed Pie

Proxy Season Highlights Update

June 25, 2010

Updated results are now available for the 2010 proxy season for all but one of the 160+ proposals that came to votes in the first six months of the year. Support for proposals surged to an all-time high, with 79 resolutions receiving more than 20 percent support–up from 66 that did so in 2009. Highlights of the season’s best-scoring proposals appear here: Si2 Proxy Season Summary June 2010 Si2 will issue a more detailed report on the season in July.

ExxonMobil shareholder proposals

May 14, 2010

Eight shareholder proposals on the environment, human rights and diversity will be voted on at the May 26 ExxonMobil annual meeting. Si2′s reports on the pending resolutions are available for download. Resolutions include the following:

  • Adopt sexual orientation non-discrimination policy
  • Adopt policy on the human right to water
  • Adopt coastal wetlands protection policy
  • Report on oil sands risks
  • Report on hydraulic fracturing (of particular interest given the pending XTO merger)
  • Report on energy independence leadership options
  • Adopt goals to cut greenhouse gas emissions
  • Report on fossil fuel demand risks
  • Here are the reports:
    2010 Si2 Special Report – Exxon Mobil Environmental Policies
    2010 SI2 Action Report – ExxonMobil – Natural Resource Mgt (Coastal Wetlands)
    2010 SI2 Action Report – Exxon Mobil – Natural Resource Mgt (Oil Sands)
    2010 SI2 Action Report – Exxon Mobil – Natural Resource Mgt (Hydraulic Fracturing)
    2010 Si2 Action Report – Exxon Mobil – Climate Change
    2010 SI2 Action Report – Exxon Mobil – Human Rights (Water)
    2010 SI2 Action Report – Exxon Mobil – Diversity

    Proxy Season Webinar at SIF

    April 6, 2010

    Si2 took part in a proxy season webinar presented by the Social Investment Forum on March 25, and presented information on what is proving to be a very interesting proxy season.  Our presentation from the webinar is available here:

    Si2 Proxy Forecast 2010 – SIF

    It mentions key development at the SEC that have opened the door to more proposals and greater corporate disclosure, and gives an overview of new and revisited social and environmental issues activists are raising at companies.  Environmental issues are the biggest topic raised, with climate change at the top of the list and a new campaign about hydraulic fracturing used in natural gas extraction.  The campaign to encourage greater disclosure of corporate political spending continues, while labor and human rights subjects also figure prominently on the agenda.

    You can view an article by SocialFunds.com about the webinar here:

    http://www.socialfunds.com/news/article.cgi/article2917.html.


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