December 1, 2008
Monday
     

Shareholders Vote for Climate Change Resolutions in Record Numbers

Date: 08-27-2008
Type: news brief
Categories: Business Ethics / Corporate Governance
Source: Environmental News Network (ENN)
Organization:
Environmental News Network (ENN)

A record 57 climate related shareholder resolutions were filed this year—a figure that has doubled over the past 5 years. Support for these measures averaged more than 23% among shareholders-- another all time high. These figures come from Ceres, a leading coalition of investors and environmental groups. “Growing investor pressure is prompting more companies to see the value of making environmentally sound products,” said Mindy S. Lubber, president of Ceres. “By re-thinking their strategies with high energy prices and climate change in mind, these companies will have a distinct competitive advantage in the years ahead.”

Read more about green shareholder resolutions here.  

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