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SEC, ruling against ExxonMobil, says oil giant must allow shareholder vote on climate change

The U.S. Securities and Exchange Commission recently sided with a group of ExxonMobil shareholders who asked the oil production giant to disclose the resilience of its business model amid a growing global effort to combat climate change.In a March 22 letter to Exxon, the SEC moved to require th Read More...

Number of shareholder resolutions filed on climate change increased in 2016

With the 2016 proxy season underway, an analysis of shareholder proposals recently revealed that corporations are facing a record number of resolutions that address climate change and the risk companies face amid the trend toward a lower carbon economy. According to Proxy Pr Read More...

Best Buy, Nordstrom agree to increase renewable energy use after shareholder request

Retailers Best Buy and Nordstrom recently agreed to increase their use of renewable energy following a request from the New York State Common Retirement Fund, a significant shareholder at both companies. New York State Comptroller Thomas P. DiNapoli made the announcement May 18 and wi Read More...

Exxon Mobil shareholders reject climate proposals; broader support for more disclosure swells

Shareholders of Exxon Mobil Corp. reportedly rejected a series of resolutions related to climate change May 25 as broader support for more disclosure from U.S. businesses regarding their carbon emissions and other related risks continues to gain traction. One of the shareholder resolu Read More...

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