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 around the world are using their economic power to encourage corporate responsibility.

Proxy Preview
Thanks to As You Sow, publisher of the 2014 Proxy Preview, for assistance in compiling the charts below.

Shareholder votes on social and environmental issues are receiving historically high levels of support. In order to be resubmitted for consideration by shareholders in the coming year, 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 facing a vote.  The 2013 proxy season marked a ten-year high for proxy votes on social and environmental issues, which received 21% support on average. 

Find our sample proxy ballot here (it walks you through the voting process), and find information on the 2014 shareholder season below:

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2014 Shareholder Resolution Focus Lists

Voting results are in!The resolutions below represent key investor concerns at major US corporations. Shareholder resolutions addressing social, environmental and corporate governance issues, while advisory, send a strong message to management about companies’ conduct and policies. Many of these resolutions received double-digit support, which is a strong showing. According to the Sustainable Investments Institute, initial average support for social and environmental resolutions was a whopping 22.7 percent -- the highest percentage ever for social and environmental issues! Thanks to the Sustainable Investments Institute for the voting results below.


Banking | Climate Pollution | Corporate Lobbying
Corporate Political Campaign Spending | Deforestation, Water, Palm Oil
Fracking | GMOs | Human Rights | Packaging & Recycling | Toxic Chemicals

Banking    
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Bank of America Report on ethics & oversight MAY Withdrawn*
Bank of America Review home mortgage policies MAY Omitted**
JP Morgan Chase              Report on ethics & oversight MAY Withdrawn*

Climate Pollution    
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Dominion Resources Reduce methane emissions & report on progress MAY 21.9%
Marathon Oil Reduce methane emissions & report on progress APRIL 38.6%
Occidental Petroleum Reduce methane emissions & report on progress MAY 30.4%
Range Resources Reduce methane emissions & report on progress MAY Withdrawn*
Spectra Reduce methane emissions & report on progress APRIL 29.5%
     
Ameren Report on steps to cut greenhouse gas emissions to meet national goal of 80-percent reductions by 2050 APRIL Withdrawn*
CMS Energy Report on steps to cut greenhouse gas emissions to meet national goal of 80-percent reductions by 2050 MAY Withdrawn*
Entergy Report on steps to cut greenhouse gas emissions to meet national goal of 80-percent reductions by 2050 MAY Omitted**
Southern Report on steps to cut greenhouse gas emissions to meet national goal of 80-percent reductions by 2050 MAY Withdrawn*
     
Berkshire Hathaway Set quantitative goals for greenhouse gas reductions MAY 8.1%
Cabot Oil & Gas Set quantitative goals for greenhouse gas reductions MAY Withdrawn*
ConocoPhillips Set quantitative goals for greenhouse gas reductions MAY 25.8%
Dominion Resources Set quantitative goals for greenhouse gas reductions MAY 20.0%
ExxonMobil Set quantitative goals for greenhouse gas reductions MAY 22.0%
Lowe's Set quantitative goals for greenhouse gas reductions MAY Withdrawn*
Phillips 66 Set quantitative goals for greenhouse gas reductions MAY 28.3%
Valero Set quantitative goals for greenhouse gas reductions MAY 39.4%
     
Alpha Natural Resources Report on climate-change-related risks MAY 23.3%
Anadarko Petroleum Report on climate-change-related risks MAY 30.0%
Chevron Report on climate-change-related risks MAY Omitted**
CONCOL Energy Report on climate-change-related risks MAY 17.9%
ExxonMobil Report on climate-change-related risks MAY Withdrawn*
Hess Report on climate-change-related risks MAY 8.4%
Peabody Energy Report on climate-change-related risks APRIL Withdrawn*
Travelers Report on climate-change-related risks MAY Withdrawn*
     
PepsiCo Study elimination of Canadian tar sands fuel in company’s trucking fleet MAY
     
Bank of America Report on greenhouse gas emissions from lending, investing, and financial activities MAY 24.0%
PNC Financial Services Report on greenhouse gas emissions from lending, investing, and financial activities APRIL 23.4%

Corporate
Lobbying
   
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Abbott Laboratories         Report on lobbying activities, payments, etc. APRIL 7.3%
Allstate Report on lobbying activities, payments, etc. MAY 10.3%
Altria Report on lobbying activities, payments, etc. MAY 6.5%
AT&T Report on lobbying activities, payments, etc. APRIL 24.9%
Bank of America Report on lobbying activities, payments, etc. MAY 30.4%
Boeing Report on lobbying activities, payments, etc. APRIL 22.9%
Citigroup Report on lobbying activities, payments, etc. APRIL 25.8%
Comcast Report on lobbying activities, payments, etc. MAY 14.7%
Dominion Resources Report on lobbying activities, payments, etc. MAY 7%
ExxonMobil Report on lobbying activities, payments, etc. MAY 21.1%
Facebook Report on lobbying activities, payments, etc. JUNE 8.2%
General Dynamics Report on lobbying activities, payments, etc. MAY 4.1%
Google Report on lobbying activities, payments, etc. JUNE 8.6%
JP Morgan Chase Report on lobbying activities, payments, etc. MAY 7.6%
Pfizer Report on lobbying activities, payments, etc. APRIL 6.2%
Wal-Mart Report on lobbying activities, payments, etc. JUNE 11.7%

Corporate Political
Campaign Spending
   
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Amazon.com Disclosure of policies for making political campaign constributions MAY 22.9%
Ameriprise Financial        Disclosure of policies for making political campaign constributions APRIL 31.3%
Charles Schwab Disclosure of policies for making political campaign constributions MAY 26.6%
Dean Foods Disclosure of policies for making political campaign constributions MAY 51.8%
Duke Energy Disclosure of policies for making political campaign constributions MAY 49.4%
Fifth Third Bancorp Disclosure of policies for making political campaign constributions APRIL Withdrawn*
Jetblue Airways Disclosure of policies for making political campaign constributions MAY Withdrawn*
Newmont Mining Disclosure of policies for making political campaign constributions APRIL 6.8%
Waste Management Disclosure of policies for making political campaign constributions MAY 38.9%
Yahoo! Disclosure of policies for making political campaign constributions JUNE 6.1%

Deforestation, Water,
Palm Oil
   
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Alpha Natural Resources Report on water use MAY 24.5%
Arch Coal Report on water use APRIL 22.7
Kraft Foods Group Report on supply chain deforestation MAY Omitted**
Mead John Nutrition Implement a sustainable palm oil sourcing policy APRIL Withdrawn*
Mondolez International Report on supply chain deforestation MAY Withdrawn*
Panera Bread Implement a sustainable palm oil sourcing policy MAY Withdrawn*
PepsiCo Report on supply chain deforestation MAY Withdrawn*

Fracking    
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Chevron Report on risks of hydraulic fracturing MAY 26.6%
ExxonMobil Report on risks of hydraulic fracturing MAY Withdrawn*
Occidental Petroleum      Report on risks of hydraulic fracturing MAY Withdrawn*
Pioneer National
Resources
Report on risks of hydraulic fracturing MAY Withdrawn*

GMOs    
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Abbott Laboratories        Label GM products APRIL 6.2%
Safeway Label GM products MAY 10.3%

Resolutions to ban political spending were filed at the companies below in response to
their funding of efforts to defeat GMO labelling ballot initiatives at the state level.

Coca-Cola Ban Political Spending APRIL Omitted**
Dow Chemical Ban Political Spending MAY Withdrawn*
DuPont Ban Political Spending APRIL 3.5%
General Mills Ban Political Spending SEPTEMBER
Kraft Foods Group              Ban Political Spending MAY Omitted**

Human Rights    
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Aqua America Adopt a policy on the human right to water MAY 11.2%
Con-way Report on human trafficking policies MAY Withdrawn*
Halliburton Report on human rights risks MAY 38.9%
JP Morgan Chase               End investment in genocide-connected firms MAY Omitted**
Kroger Report on human rights risks JUNE 38.8%
Mead Johnson
Nutrition
Adopt a policy on the human right to water APRIL Withdrawn*
Motorola Adopt/extend human rights policy MAY 6.3%
PepsiCo Report on indigenous peoples' policy MAY Withdrawn*
Target Establish a board committee on human rights JUNE Withdrawn*
Yahoo! Establish a board committee on human rights JUNE 3.6%

Packaging &
Recycling
   
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Dr Pepper Snapple Group Adopt recycling goals MAY 30.3%
Kraft Foods Group Report on use of non-recyclable packaging MAY Omitted**
Kroger Report on package recycling JUNE 12.7%
Mondolez
International
Report on use of non-recyclable packaging MAY 28.4%
Safeway Report on package recycling MAY 12.5%

Toxic Chemicals    
COMPANY SHAREHOLDER RESOLUTION MEETING DATE VOTE RESULT
Avon Products                    Report on using safer chemicals MAY 14.3%
Dow Chemical Report on ongoing risks of Bhopal disaster*** MAY Omitted**
Dunkin Donuts Report on health issues, nanoparticles in products/packaging MAY 18.7%
Jarden Report on using safter chemicals MAY Withdrawn*

*Withdrawn resolutions indicate that investors saw enough progress at the company on the issue to withdraw the resolution at this time. The resolution may still be filed in the future.

**Resolutions may be omitted by the SEC because the SEC believes they do not meet the criteria to be filed.

***Dow bought Union Carbide; a 1984 Union Carbide gas leak killed more than 20,000 people.