Shareholders care
U.S. investors have filed a record 54 shareholder resolutions, asking companies act to reduce risks of climate change on the bottom line. The number of resolutions was nearly double the amount filed in 2006.
Investors clearly feel that companies in every industry, especially energy sectors, should be acting now to assess and reduce climate change risks.
Shareholder resolutions on climate are most often voted down. But they do raise awareness of potential business impacts of emissions of gases scientists blame for warming the planet.
Fourteen of the 54 resolutions were withdrawn by investors after the companies agreed to disclose potential impacts from emerging climate regulations and strategies for reducing greenhouse gas emissions.
Four of the withdrawals involved electric power companies - Allegheny Energy, Alliant Energy , Dominion Resources and Southern, who were all asked to report on their strategies to significantly boost energy efficiency as a way to reduce greenhouse gas emissions.
The news is not as clear for this county’s investors.
Action:
If you want to know about a company’s policy, ask about their approach to Corporate Social Responsibility.
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