03 May '11, 1pm

Proxy Season to Step Up Efforts on Corporate Sustainability Issues

Proxy Season to Step Up Efforts on Corporate Sustainability Issues

NEW YORK, NY — As the 2011 shareholder resolution season kicks into gear, environmental and social sustainability issues will be front and center. Last week, shareholder advocacy group As You Sow introduced a shareholder resolution aimed at cutting packaging waste from consumer packaged goods giants Procter & Gamble and General Mills. And today, Ernst & Young released a new report predicting continued growth of sustainability-focused shareholder resolutions. Since 2000, the number of CSR-related shareholder proposals has climbed almost 40 percent, up to 191 in 2010. This year, E&Y expects that half of all resolutions will be focused on environmental and social issues. "Increased awareness among investors and regulators of the reputational and financial risks associated with CSR and environmental sustainability places more pressure on companies to identify and manage these ...

Full article: http://www.greenbiz.com/news/2011/05/02/proxy-season-step...

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