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Climate and Energy Resolutions 2011
Investors achieved noteworthy victories during this year’s shareholder proxy season, with a record 111 shareholder resolutions filed with 81 U.S. and Canadian companies on climate change, unconventional fossil fuel production and other sustainability risks and opportunities. The shareholder filings are coordinated by Ceres and the Interfaith Center on Corporate Responsibility (ICCR), a group of faith-based investors.
Investors achieved noteworthy victories during this year’s shareholder proxy season, with a record 111 shareholder resolutions filed with 81 U.S. and Canadian companies on climate change, unconventional fossil fuel production and other sustainability risks and opportunities.
The shareholder filings are coordinated by Ceres and the Interfaith Center on Corporate Responsibility (ICCR), a group of faith-based investors.
2011 Resolutions
Download the following spreadsheets for a complete listing of climate and energy resolutions filed and resolutions going to a vote in the 2011 proxy season.
Download the most recent spreadsheet detailing ALL 111 RESOLUTIONS (as of December 2, 2011).
Download the most recent spreadsheet of RESOLUTIONS GOING TO VOTE (as of June 14, 2011).
Memos Supporting 2011 Shareholder Resolutions
- Alpha Natural Resources: Response to Climate Change Memo
- Shareholders request a report (reviewed by a board committee of independent directors) on how the company is responding to increasing regulatory, public and competitive pressure to significantly reduce pollution from the company's operations and use of its primary products. This report will omit proprietary information, be prepared at reasonable cost, and be made available to shareholders by September 1, 2011.
- Ameren: Coal Ash Memo
- RESOLVED: Shareholders request that the Board prepare a report on the company's efforts, above and beyond current compliance, to identify and reduce environmental and health hazards associated with past and present handling of coal combustion waste, and how those efforts may reduce legal, reputational and other risks to the company's finances and operations. This report should be available to shareholders within 6 months of the 2011 annual meeting, be prepared at reasonable cost and omit confidential information such as proprietary data or legal strategy.
- Boston Properties: Sustainability Reporting Memo
- The Office of the Comptroller of the City of New York is the sponsor1 of Item No. 5 on the 2011 Boston Properties proxy ballot, a proposal that we encourage you to support, and which calls upon the Board of Directors to issue a report to shareholders, by June 30, 2012, at reasonable cost and omitting proprietary information, on the Company’s sustainability policies and performance, including multiple, objective statistical indicators. The report should include the Company’s definition of sustainability, as well as a company-wide review of company policies, practices, and indicators related to measuring long-term social and environmental sustainability.
- ConocoPhillips: Greenhouse Gas Reduction and Report on Financial Risks of Climate Change Memo
- RESOLVED: “Shareholders request that the Board of Directors adopt quantitative goals, based on current technologies, for reducing total greenhouse gas emissions from the Company’s products and operations; and that the Company report (omitting proprietary information and prepared at reasonable cost) to shareholders by September 30, 2011, on its plan to achieve these goals.” –and– “Investors request ConocoPhillips’ Board of Directors to prepare a report to shareowners on the financial risks resulting from climate change and its impacts on shareowner value over time, as well as actions the Board deems necessary to provide long-term protection of our business interests and shareowner value. The Board shall decide the parameters of the study and summary report. A summary report will be made available to investors by September 15, 2011. Cost of preparation will be kept within reasonable limits and proprietary information omitted.”
- ConocoPhillips: Oil Sands Memo
- The California State Teachers’ Retirement System (CalSTRS) and Trillium Asset Management Corporation are co-sponsors1 of Item No. 13 on the 2011 ConocoPhillips proxy ballot, a proposal which calls upon the Board of Directors to prepare a report discussing possible long term risks to the company’s finances and operations posed by the environmental and societal challenges associated with the oil sands. The report should be prepared at reasonable cost, omit proprietary and legal strategy information, address risks other than those associated with or attributable to climate change, and be available to investors by August 2011.
- Dominion: Renewable Energy Electricity Memo
- RESOLUTION: The shareholders request that Dominion Resources set and pursue a company goal to achieve 20% renewable electricity generation by 2024.
- Dominion: Financial Risk of Coal Plants Memo
- Dominion faces material financial risks from its reliance on coal. Dominion does not address the material financial risks identified by industry analysts related to its exposure to coal. Vote "FOR" shareholder proposal filed by Trillium Asset Management that asks Dominion to report on the financial risks of continued reliance on coal.
- Dynegy: Greenhouse Gas Reduction Memo
- RESOLVED: Shareholders request that the Company adopt quantitative goals for the reduction of greenhouse gas and other air emissions in anticipation of emerging EPA regulations, including plans to retrofit or retire its existing coal plants; and that the Company report to shareholders by September 30, 2011, on its plans to achieve this goal. Such a report will omit proprietary information and be prepared at reasonable cost.
- FirstEnergy: Coal Ash Memo
- RESOLUTION: Shareholders are being asked to vote FOR a report on the company's efforts, above and beyond compliance, to reduce environmental health hazards associated with coal combustion waste contamination water (including implementation of caps, liners, groundwater monitoring, and/or leachate collection systems), and how those efforts may reduce legal, reputational and other risks to the company's finances and operations.
- GenOn Energy: Greenhouse Gas Reduction Memo
- RESOLVED: Shareholders request that the Company adopt quantitative goals for the reduction of greenhouse gas and other air emissions in anticipation of emerging EPA regulations; and that the Company report to shareholders by September 30, 2011, on its plans to achieve this goal, including plans to retrofit or retire existing coal plants. Such a report may omit proprietary information and be prepared at reasonable cost.
- International Coal Group: Emissions Memo
- RESOLVED: Shareholders request a report (reviewed by a board committee of independent directors) on how the company is responding to increasing regulatory and public pressure to significantly reduce pollution from the company’s operations and use of its primary products. This report will omit proprietary information, be prepared at reasonable cost, and be made available to shareholders by September 1, 2011.
- Occidental Petroleum: Political Spending Review Memo
- RESOLVED: “Shareholders request that the Board of Directors adopt quantitative goals, based on current technologies, for reducing total greenhouse gas emissions from the Company’s products and operations; and that the Company report (omitting proprietary information and prepared at reasonable cost) to shareholders by September 30, 2011, on its plan to achieve these goals.”
- Southern Company: Coal Ash Memo
- RESOLVED: Shareholders are being asked to vote FOR a report on the company's efforts, above and beyond current compliance, to reduce environmental and health hazards associated with coal combustion waste contaminating water (including implementation of caps, liners, groundwater monitoring, and/or leachate collection systems), and how those efforts may reduce legal, reputational and other risks to the company's finances and operations.
- SunTrust Banks, Inc.: Sustainability Reporting Memo
- RESOLVED: Shareholders request that the Board of Directors issue a sustainability report describing the company’s short- and long-term responses to ESG- [environmental, social and governance]related issues, including strategies to address climate change. The report, prepared at reasonable cost and omitting proprietary information, should be published within six months of SunTrust’s 2011 annual meeting.
- ExxonMobil Corp: Greenhouse Gas Emissions Goals
- Resolved: “Shareholders request that the Board of Directors adopt quantitative goals, based on current technologies, for reducing total greenhouse gas emissions from the Company's products and operations; and that the Company report to shareholders by September 30, 2011, on its plans to achieve these goals. Such a report will omit proprietary information and be prepared at reasonable cost.”
