People more than ever want companies to adhere to more responsible environmental practices to create less of an impact on global warming. And they are voicing those wants with their shares of stock.
Investors engaging with U.S. companies on the financial risks and opportunities from climate change had their most successful year ever during the 2007 proxy season, according to Ceres, the Boston-based national coalition of investors and environmental groups.
A record 43 climate-related shareholder resolutions were filed with U.S. companies this year, of which 15 led to positive actions by businesses such as ConocoPhillips, it found.
"It's clear from these results that growing investor pressure is prompting more U.S. companies to tackle climate change more aggressively," says Mindy Lubber, president of Ceres. "Many insurers, banks, builders and power companies are boosting their attention to the risks and opportunities from climate change."
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