U.S Congress votes to block ESG investing, and corporations challenge proposals around financial discrimination, deforestation & more...
Tulipshare
Helping investors push for stronger environmental and social commitments by using corporate governance to create impact
Here’s our pick of recent shareholder activism news…
Vaccine pricing set to be on the ballot at Johnson & Johnson
It looks like Tulipshare’s proposal asking for more transparency around vaccine pricing will be on the ballot for the company's 2023 AGM. As is to be expected, Johnson & Johnson aren't in favour. You can read what they have to say about it (and Tulipshare’s responses) on Tulipshare’s campaign page.
Meanwhile, PayPal has challenged a campaign to end financial discrimination on their platform
A separate Tulipshare campaign seeking clarity around financial discrimination at PayPal has had a proposal been challenged with a no-action letter. This is fairly common practice, and you can read more about what’s next by visiting the campaign page.
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Procter & Gamble continue discussions around their contributions to deforestation
The company has met with shareholders who remain concerned about the company’s lack of action to tackle deforestation. Tulipshare’s campaign seeking to shake up the board and add an independent chair was met with some resistance, as is to be expected, but talks are ongoing and Tulipshare believes more work needs to be done. You can read a rundown of how the meeting went by visiting Tulipshare’s campaign page.
Amazon to meet with shareholders to discuss workers safety
“After being knocked back, activist group Tulipshare is now due to meet Amazon’s environmental, social and governance team on March 17, suggesting now is the time to “fix its reputation as an employer who disregards workers’ rights.” As reported by Proactive Investors.
And finally, U.S. Congress votes to block ESG Investing?
A veto is expected from Biden, but can read all about why Republicans don’t want fund managers to make decisions based on factors like climate change in this article published by Reuters .
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