Environmental and investor coalition Ceres has produced a Climate Watch List of US companies lagging behind their peers in responding to climate change, and have accordingly filed shareholder resolutions with 10 companies.
The major businesses named by Ceres include Wells Fargo, where shareholders are requesting specific greenhouse gas (GHG) reduction aims, and Exxon Mobil, where five resolutions have been filed requesting GHG targets and disclosure of plans for responding to climate legislation.
Mindy Lubber, Ceres president, compared the firms in the Climate Watch Risk with their peers who are confronting the risks and opportunities of climate change. He argued those not taking these steps may be putting in jeopardy their long-term competitiveness and shareholder value.
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