Sustainability Reporting Proposal at Chipotle Receives More Than 30% of Vote
May 2014: Shareholders sent a strong message to the management of Chipotle Mexican Grill (NYSE: CMG) on May 15, with roughly one in three votes cast in favor of a request for a sustainability report. The proposal received a 31.3% vote, representing $3.5 billion. The shareholder proposal, filed by Trillium Asset Management LLC and Domini Social Investments,as co-filer, requested the Board of Directors to: issue an annual sustainability report describing the company’sshort- and long-term responses to ESG-related issues. The report should include objective quantitative indicators and goals relating to each issue where feasible, be prepared at a reasonable cost, …
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