Child labour, plastic and fossil fuels - oh my! Here's our pick of recent shareholder activism news...
Tulipshare
Helping investors push for stronger environmental and social commitments by using corporate governance to create impact
Shareholders put pressure on Nike to just do better, when it comes to protecting garment workers
Vogue Business has reported on an open letter sent to Nike by Tulipshare, who own shares at the company. The open letter details Nike’s lack of responsiveness to questions around protections for their supply chain workers. Read the full open letter on Tulipshare’s website.
Speaking of supply chains, chocolate-makers Mondelēz have challenged a proposal seeking to eradicate child labour from their supply chains
The parent company responsible for making Cadbury chocolate has challenged a proposal from shareholders who want the company to commit to eradicate child labour from their supply chain by 2025. This is something the company agreed to do in 2001 but have so far not completed. Mondelēz are attempting to block the proposal, but an official decision will come from the SEC about whether it will be up for vote at the AGM.?
Dow Inc. shareholders set to vote on company’s plans to reduce single use plastics
As You Sow’s proposal asking for Dow’s plan to reduce single-use plastics will go ahead to a vote next month. It’s listed as Item 5 on the company’s proxy statement, and shareholders who owned common stock by close of day on 15th February will be able to vote.?
领英推荐
Bank of America is in ‘double trouble’ when it comes to fossil fuel-related shareholder proposals
Not one, but two proposals related to fossil fuels have made it onto the ballot for shareholders to vote at the company’s 2023 AGM. One has been put forward by As You Sow and the other by Trillium Asset Management. The former requests a report on transition planning, while the latter seeks to stop the company from financing new fossil fuel projects.
Have you ever wanted to better understand your favourite company’s ESG goals??
A new article by Tulipshare discusses how individuals can effectively validate ESG-related objectives of the most influential global businesses. Worth a read for any shareholder activists!
If you decide to invest in any of the above campaigns please remember that capital is at risk - meaning the value of your investments can go up as well as down.