Lowe’s Commits to Greenhouse Gas Emission Targets – Trillium Withdraws Shareholder Proposal
May 27, 2014 // BOSTON, MA: Trillium Asset Management is pleased to announce that we have successfully withdrawn our shareholder proposal at Lowe’s (NYSE: LOW) following commitments from the company to set quantitative targets for the reduction of greenhouse gas emissions. Lowe’s has committed to setting a scope 2 reduction goal (emissions from purchased electricity), which targets the largest portion of the company’s emissions. The company has set an intensity goal to reduce green house gas emissions 20% by 2020. The target will be included in the company’s Social Responsibility report as well as in the company’s 2015 form …
Nathan Cummings Foundation: Grant Makers are Ignoring One of their Most Powerful Tools
Laura Campos, Director of Shareholder Activities for the Nathan Cummings Foundation, recently wrote an opinion piece for Philanthropy.com that highlights recent shareholder activism. Ms. Campos writes: “Over the past year, shareholder activists racked up a list of accomplishments that would be the envy of many foundations. They secured agreements from some of the world’s largest companies to set targets for reducing greenhouse-gas emissions. They persuaded companies to be more transparent and accountable with corporate political spending and to abandon support for controversial organizations like the American Legislative Exchange Council, also known as ALEC. They pushed companies to adopt plans to increase …
Trillium Successfully Withdraws Greenhouse Gas Shareholder Resolution at Valmont Industries
February 4, 2014: Trillium Asset Management is pleased to announce that we have successfully withdrawn a shareholder proposal at Valmont Industries, Inc. (NYSE: VMI) following commitments from the company to improve disclosures of measurement around greenhouse gas reduction initiatives. The company has agreed to establish and report an emissions baseline for its coatings division by December 31, 2015. Valmont will also provide more contextual information on its goals to improve energy efficiency and reduce emissions as reported in their Global Reporting Initiative (GRI) report. These commitments focus on the company’s coatings operations – their most carbon intensive business segment. Trillium …
Trillium Successfully Withdraws Greenhouse Gas Shareholder Proposal at Church & Dwight
January 14, 2014: Trillium Asset Management is pleased to announce that we have withdrawn a shareholder proposal at Church & Dwight Co, Inc. (NYSE: CHD) following commitments from the company that it will set quantitative goals for the reduction of greenhouse gas emissions in its products and operations. In addition, Church & Dwight will issue a report on how it plans to implement and achieve these goals by autumn of 2014 In 2013, Trillium filed a shareholder proposal at Church & Dwight on behalf of our clients, pressing the company to manage and reduce greenhouse gas emissions in its products …
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 …
Methane Emissions Report – ONEOK, Inc. (2014)
Whereas: Public confidence in the environmental benefits of natural gas is threatened by evidence of high levels of methane leakage from the oil and gas industry in many regions. A November 2013 study published in the Proceedings of the National Academy of Sciences shows the oil and gas sector in Oklahoma and Texas, where ONEOK has significant operations, may be emitting up to five times more methane than estimated. This study raises questions regarding the adequacy of current Environmental Protection Agency methods for measuring methane emissions. Methane is a potent greenhouse gas (GHG), with 86 times the climate impact of …
Methane Emissions Report – EOG Resources, Inc. (2014)
Whereas: Public confidence in the environmental benefits of natural gas is threatened by evidence of high levels of methane leakage from the oil and gas industry in many regions. For example, a November 2013 study published in the Proceedings of the National Academy of Sciences shows the oil and gas sector in Oklahoma and Texas, where EOG has operations, may be emitting up to five times more methane than estimated. This study raises questions regarding the adequacy of current Environmental Protection Agency methods for measuring methane emissions. The International Energy Agency’s (IEA) 2012 report “Golden Rules for a Golden Age …
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 …
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 …
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