EOG Resources Commits to Improved Methane Emissions Disclosures and LGBT Protections
January 19, 2017 // Boston, MA – Trillium Asset Management is pleased to announce that oil and gas company EOG Resources, Inc. (EOG) has made substantial commitments to improve its methane disclosures and enhance protections for LGBT employees.
Following a constructive dialogue, and subsequent to a shareholder proposal filed by Trillium on behalf of three of its clients, Miller/Howard Investments, and Mercy Investment Services, EOG has committed to publicly disclose a methane emissions percentage and several other methane emissions metrics spanning at least the past three years. This will give investors the ability to evaluate EOG’s emissions performance over time. Understanding methane emissions is crucial for investors as it is a greenhouse gas with over 80 times the global warming potential of CO2 and is the key component of natural gas, one of EOG’s primary products.
Trillium is also pleased to announce the withdrawal of its shareholder proposal on workplace diversity (filed on behalf of individual clients) following a commitment from EOG to update its non-discrimination policy to protect all lesbian, gay, bisexual, and transgendered (LGBT) employees. Such changes promote an inclusive workplace for all employees, which we believe helps generate long-term shareholder value.
Both shareholder proposals were filed in November 2016 and subsequently withdrawn following EOG’s commitments.
For more information: Jonas Kron, Director of Shareholder Advocacy, firstname.lastname@example.org
This information is not a recommendation to buy or sell the security mentioned. It should not be assumed that investments in such security has been or will be profitable. The security mentioned was selected to illustrate the views expressed and does not represent all of the securities purchased, sold or recommended.