Green America: Growing the Green Economy for People and the Planet

Shareholder Activism

Holding corporations accountable


From dismantling apartheid in South Africa to encouraging equal treatment for gay and lesbian workers, from convincing corporations to address climate change to pressuring financial institutions to drop their predatory lending practices, shareholders are using their economic power to encourage corporate responsibility.

This year set yet another record in terms of the number of shareholder resolutions filed on social and environmental issues. According to the Sustainable Investments Institute, 468 resolutions will be filed in 2015 on social and environmental issues, up from 417 last year.

The lists of shareholder resolutions below include resolutions relevant to Green America's program areas such as climate and energy issues, GMOs, and corporate sustainability, as well as other major shareholder concerns (such as corporate lobbying and political contributions). The voting results indicate the level of support that key resolutions received.

Discover ...

 

2015 Shareholder Resolution Focus List


How it works ...

Shareholder resolutions alert corporate management to crucial concerns about corporate conduct. In order to be refiled in the coming year, and thereby keep the issue in front of management, resolutions need to receive at least 3% support in their first year, at least 6% in their second year, and at least 10% in their third year of being voted upon.

What the symbols mean ...

W = the resolution was “withdrawn;” the filer and the company made progress addressing the issue and the resolution did not appear on the proxy ballot at this time.

O = the resolution was “omitted” or blocked by the Securities & Exchange Commission and therefore did not face a vote.

Check out the votes below – and thank you for voting your proxy ballots!

 


▼ Greenhouse Gas Reduction Goals

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Chevron Adopt GHG reduction targets 8.2
Dillard’s Adopt GHG reduction targets 21.4
Dominion Resources Adopt GHG reduction targets 5.8
Dominion Resources Report on methane & reduction targets 25
Energen Report on methane & reduction targets 29.4
ExxonMobil Adopt GHG reduction targets 9.6
Hess Report on methane & reduction targets W
Marathon Oil Report on methane & reduction targets W
Phillips 66 Adopt GHG reduction targets 28
Southern Adopt GHG reduction targets 22.1
Time Warner Adopt GHG reduction targets 21.6
Valero Adopt GHG reduction targets 39.6
Walmart Adopt GHG reduction targets 1.8

▼ Address Carbon Pollution Risk

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Andarko Petroleum Report on climate change 29.1
Bank of America Report on GHG emissions from its financing 8.8
Chevron Report on fracking/shale risks 28.8
Chevron Address stranded assets through dividend policy * 3.2
ConoccoPhillips Report on oil and gas transport risks W
Dominion Resources Report on climate change 23.6
Dominion Resources Report on coal ash risks O
ExxonMobil Report on fracking/shale risks 24.9
ExxonMobil Report on oil and gas transport risks W
ExxonMobil Address stranded assets through dividend policy * O
Hess Report on climate change 26.3
Marathon Oil Report on climate change 36.3
Phillips 66 Report on climate change W

*”Stranded carbon assets” refer to fossil fuel assets that will no longer be profitable as countries transition to a low carbon economy.

▼ Renewable Energy

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Dominion Resources Report on biomass and renewables 22
DTE Energy Report on energy efficiency/renewables 27.5
Home Depot Set renewable energy targets W
MGE Energy Offer renewable energy purchasing options W

▼ Genetically Modified Food & Pesticides

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Abbott Laboratories Report on GMO risks 6
Dean Foods Report on GMO labeling 3.5
DuPont Report on pesticide monitoring 5.4
Lowe’s Report on pesticide product sales risks W
PepsiCo Report on supplier pesticide use 7.6

▼ Sustainability

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Ameren Link executive pay to sustainability metrics 8.1
Chipotle Mexican Grill Report on sustainability issues 30.9
Chubb Report on sustainability issues 28.4
ConocoPhillips Link executive pay to sustainability metrics 5.8
Dominion Resources Link executive pay to sustainability metrics 4.9
Entergy Link executive pay to sustainability metrics 6.7
Facebook Report on sustainability issues 8.4
Home Depot Report on sustainability issues W
Kraft Food Group Report on sustainability issues 30.2
Lowe’s Report on sustainability issues W
Starbucks Establish a board committee on sustainability 4.7
Tootsie Roll Industries Adopt board commitment to sustainability 2.5
Walmart Link executive pay to sustainability metrics O

▼ Deforestation & Water

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Archer-Daniels-Midland Report on supply chain deforestation impacts W
Avon Products Report on palm oil supply chain W
Dean Report on water use risk W
Kraft Foods Group Report on supply chain deforestation impacts 30.3
McDonald’s Report on palm oil supply chain 7
Target Report on palm oil supply chain W
Yum Brands Report on palm oil supply chain W

▼ Human Rights

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Alliance One Int’l Adopt policy on supply chain worker fees W
Altria Adopt policy on supply chain worker fees 5
Amazon.com Report on human rights & risk assessment 5.1
Aqua America Adopt policy on human right to water 7.5
Caterpillar Adopt/expand human rights policy 6
Chevron Report on country selection, human rights O
Corning Implement Holy Land Principles for fair employment 2.8
General Electric Implement Holy Land Principles for fair employment 3.1
Kroger Report on human rights risk assessment 30.8
Kroger Report on humanitarian engagement policy W
Kroger Join the Fair Food Program; protect workers W
Sears Holdings Report on human rights risk assessment W
Staples Report on human rights risk assessment W
T-Mobil US Report on human rights risk assessment 5.4
Urban Outfitters Report on human rights risk assessment 24.9
Western Union Establish a board committee on human rights 12

▼ Packaging & Recycling

COMPANY SHAREHOLDER ISSUE VOTING RESULTS
Dr. Pepper Report on recycling strategy 31.1
Kraft Food Group Report on packaging 29.1
Kroger Report on packaging 31.7
Mondelez International Report on packaging 27.9
Procter & Gamble Report on packaging TBD

▼ Lobbying: Corporate Board Oversight & Public Disclosure

A resolution calling for a report on company policies and procedures governing lobbying; disclosure of corporate lobbying contributions (the amount of the payment and the recipient); information on company’s membership in and payments to organizations that write and support model legislation; and a description of board oversight of political payments has been filed with dozens of companies, including the following:

COMPANY VOTING RESULTS
American Express 21.6
AT&T 33.6
Bank of America W
BlackRock 19.9
Boeing 20.3
Charles Schwab 25.1
Chevron 27.9
Citigroup 34.2
Comcast 15.7
ConocoPhillips 26.8
Dupont 20.4
ExxonMobil 21
First Energy 19.4
Goldman Sachs O
Google 9.6
IBM 22.4
JP Morgan Chase 6.7
Lockheed Martin 6.5
Mastercard W
Morgan Stanley 4.6
Phillipp Morris Int’l 27.2
Raytheon 42.6
Spectra Energy 27.1
United Parcel Service 15.9
Walmart W
Wells Fargo 22.2

▼ Corporate Contribution to Elections

A resolution calling for disclosure of company policies and procedures for making contributions (monetary and non-monetary) to political campaigns has been filed at dozens of companies including the following:

COMPANY VOTING RESULTS
Amazon.com 20.3
AT&T 25.6
Cabot Oil & Gas 41.3
Charles Schwab 26.4
Delta Airlines W
Duke Energy 27.2
Google O
Nucor 31.
Raytheon 45.9
Spectra Energy 31.9
Travelers 35
United States Steel W
Western Union 41.5

Chevron received a shareholder resolution to ban all political spending. The voting results were 3.6.


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Proxy PreviewThanks to As You Sow, publisher of the 2015 Proxy Preview, for assistance in compiling this list.