08 Jul '11, 11am

How Shareholder Activism Moved the Needle on Sustainability in 2011

How Shareholder Activism Moved the Needle on Sustainability in 2011

From fracking by companies such as Chevron, Exxon Mobil and Ultra Petroleum to greater use of recyclable cups by McDonald's and Starbucks, a host of CSR issues captured shareholders' attention and support this year, according to reports on the 2011 proxy season from As You Sow and Ceres . A record number of shareholder resolutions calling for companies to be more responsible in handling corporate sustainability challenges were filed, according to Ceres' report . And the response -- in terms of votes cast supporting the resolutions and decisions by some companies to engage on issues before votes were taken -- illustrates the growing impact of the strategy as well as a dawning realization by shareholders of the power they can wield, according to As You Sow CEO Andrew Behar. "The number of shareholders that actually realize they have power has been increasing and, overall, th...

Full article: http://www.greenbiz.com/news/2011/07/08/how-shareholder-a...

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