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Shareholders Vote for Climate Change Resolutions in Record Numbers
Posted on August 26, 2008
2008 was a good year for enviros in the boardroom. 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 i...
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