Over the last few years the U.S. has seen a steady increase in the number of environment-related shareholder proposals being voted on at annual meetings. Lobbyist groups and individual shareholder activists are becoming increasingly sophisticated in their tactics, for example buying shares with voting rights in companies whose policies they wish to change. However, for a growing number of institutional investors and individual shareholders alike, ‘stewardship’ of the environment is viewed as an important component of good corporate governance, linked to long-term profitability and increased market share.
This foresight looks at some of the potential risks that U.S. companies might face if they fail to address environmental issues. Using data from The Corporate Library and CERES we also identify trends in environmental-related and climate-related shareholder proposals from 2005 to 2007 as well as look at how the current proxy season is shaping up.
See full Press Release.
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