3M – Renewable Energy (2015)
Resolved: Shareholders request 3M senior management, with oversight from the Board of Directors, set company-wide quantitative targets by October 2015 to increase renewable energy sourcing and/or production Whereas: Sourcing renewable energy will make our company more responsive to a global business environment characterized by heightened public expectations and volatile energy prices. The transition to a low-carbon economy necessary to prevent the most harmful effects of climate change requires companies dramatically reduce their direct and indirect greenhouse gas (GHG) emissions. We believe investing in renewable energy reduces the company’s exposure to fluctuating energy prices and will move it closer to achieving …
Costco – Climate Change (2015)
RESOLVED: Shareholders request Costco Wholesale Corporation adopt absolute, time-bound quantitative, company-wide targets, taking into consideration the most recent Intergovernmental Panel on Climate Change (IPCC) guidance for reducing total greenhouse gas (GHG) emissions and issue a report by May 2015, at reasonable cost and omitting proprietary information, on its plans to achieve these goals. Supporting Statement In order to mitigate the worst impacts of climate change, the IPCC estimates that a 50 percent reduction in GHG emissions globally is needed by 2050 (relative to 1990 levels) to stabilize global temperatures, entailing a U.S. target reduction of 80 percent. The costs of …
Greenhouse Gas Emissions – Lincoln Electric Holdings (2014)*
RESOLVED: Shareholders request that Lincoln Electric adopt quantitative company-wide goals for reducing GHG emissions from operations and report on its plans to achieve these goals by fall 2014. Supporting Statement In September 2013, the Intergovernmental Panel on Climate Change (IPCC), the world’s leading scientific authority on climate change, released its fifth assessment report concluding that human-caused “warming of the climate system is unequivocal,” with many of the impacts of warming already “unprecedented over decades to millennia.” In 2011, the US experienced 14 extreme weather events with losses exceeding $1 billion each. In 2012, there were 11 such events resulting in …
Report on Land Rights – PepsiCo (2014)*
WHEREAS: Since 2000, over 885 large-scale land acquisitions covering approximately 79 million acres globally have been recorded. Approximately a third of the deals involve investment in cash crops such as sugar cane, palm oil, and soy. Many of these large-scale land acquisitions involve evicting traditional land holders, through coercion or fraud (“land grabs”). Land grabbing primarily affects small-scale farming communities in developing countries and has been linked to loss of livelihoods, hunger, and violence. PepsiCo’s sources of sugar include suppliers that have been linked to land grabs, which poses risk to the company and shareholder value; PepsiCo must urgently recognize …
Greenhouse Gas Emissions – Lowe’s Companies, Inc. (2014)
RESOLVED: Shareholders request the Board of Directors adopt quantitative goals for reducing total greenhouse gas emissions from Lowe’s Companies Inc. products and operations and issue a report by fall 2014, at reasonable cost and omitting proprietary information, on its plans to achieve these goals. Supporting Statement The economic, business, environmental and societal impacts of climate change are important to investors. According to the National Oceanic and Atmospheric Administration, 2012 marked the 36th consecutive year that global temperature was above average. Climate scientists have long predicted that rising levels of CO2 in the atmosphere will cause an increase in extreme weather …
Greenhouse Gas Emissions – Church & Dwight Co. (2014)
RESOLVED: Shareholders request the Board of Directors adopt quantitative goals for reducing total greenhouse gas emissions from Church & Dwight Co., Inc. products and operations and issue a report by fall 2014, at reasonable cost and omitting proprietary information, on its plans to achieve these goals. Supporting Statement: According to the National Oceanic and Atmospheric Administration, 2012 marked the 36th consecutive year that global temperature was above average. Climate scientists have long predicted that rising levels of CO2 in the atmosphere will cause an increase in extreme weather events, rising sea levels, and changes in agricultural production. In 2012, the …
Methane Emissions Targets – Spectra Energy (2014)
Whereas: Over a 20-year period, methane’s impact on temperature is 86 times that of carbon dioxide and therefore contributes significantly to climate change. The oil and gas industry accounts for 70% of energy-related methane emissions. Studies from Cornell, the University of Colorado and the University of Texas, among others, estimate highly varied methane leakage rates as a percentage of production, creating uncertainty and garnering attention from Forbes and The New York Times. Reducing methane emissions in upstream oil and gas production is one of four policies proposed by the International Energy Agency (IEA) that “could stop the growth in global …
Greenhouse Gas Emissions – Valmont Industries (2014)
Resolved: Shareholders request that Valmont Industries, Inc. issue a comprehensive report for reducing total greenhouse gas emissions from its products and operations based on current technologies and considering Intergovernmental Panel on Climate Change (IPCC) guidance. The report should include a review of the company’s plans and progress towards reducing total greenhouse gas emissions, be prepared at reasonable cost, omit proprietary information, and be made available to shareholders by November 2014 Whereas: Reporting and rigorously managing environmental, social, and governance (ESG) business practices helps companies compete in a global business environment characterized by finite natural resources, changing legislation, and heightened public …
Fugitive Methane Emissions Report – ONEOK (2013)
WHEREAS: Natural gas development has been publicized for its superior environmental profile; fugitive methane emissions in the oil and gas sector represent one of the most rapidly growing sources of anthropogenic methane emissions in the US, contributing 20 percent of short-term global warming impact. The promise of natural gas as a bridge fuel to a more sustainable energy future is under question given the high short-term climate impact. The Intergovernmental Panel on Climate Change estimates that methane has 25x the impact on temperature as CO2 over a 100 year period and 72x the impact over a 20 year period. Methane is …
Fugitive Methane Emissions Report – Range Resources (2013)
WHEREAS: Natural gas development has been publicized for its superior environmental profile; fugitive methane emissions in the oil and gas sector represent one of the most rapidly growing sources of anthropogenic methane emissions in the US, contributing 20 percent of short-term global warming impact.The promise of natural gas as a bridge fuel to a more sustainable energy future is under question given the high short-term climate impact of methane emissions. The Intergovernmental Panel on Climate Change estimates that methane has 25x the impact on temperature as CO2 over a 100 year period and 72x the impact over a 20 year …
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