Ceres: Shareholder Resolutions Spur U.S. Companies to Act on Sustainability During 2012 Proxy Season
Ceres, a U.S.-based nonprofit co-founded by Trillium Asset Management, which advocates for corporate sustainability leadership, recently released its wrap-up of the 2012 Proxy season. The July 10, 2012 press release states, in part: “During the 2012 proxy voting season, investors successfully used shareholder resolutions to spur action on corporate sustainability challenges such as climate change, hydraulic fracturing and supply chain and water availability risks. Of the nearly 110 resolutions tracked by Ceres in 2012, 44 proposals resulted in U.S. companies making commitments to tackle environmental and social risks in their operations and supply chains.” “…In 2012, investors continued to focus …
Sustainable Palm Oil Policy – YUM! Brands, Inc. (2012)
Whereas: The environmental and social impacts of palm oil, an ingredient in our Company’s supply chain, make it highly controversial. Accordingly, we believe the Company’s failure to procure certified sustainable palm oil is a brand risk, to both our Company’s reputation and long-term to the security of supply. Approximately 85% of palm oil is grown in Indonesia and Malaysia, much of it on industrial plantations. According to the Union of Concerned Scientists, palm oil plantations are a large source of greenhouse gas emissions (GHGs) because they are often established on land converted from swamp forests (“The Root of the Problem: …
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