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Carbon Asset Risk Portfolio Resilience Resolutions

During the 2016 Annual General Meeting (AGM) season, investors sent a powerful message: they see climate change as a material financial risk and they are increasingly requesting that the companies they own perform 2 degree stress testing (2DS) to demonstrate portfolio resilience. It's becoming the new norm for risk reporting.

These investor votes underscore the ongoing momentum to limit climate change to well below 2 degrees Celsius, as committed to by 195 countries under the Paris Agreement, and represents how investors are increasingly calling on companies to adapt their business models as the world transitions to a low carbon future.


COMPANY RESOLUTION FILER PROXY ADVISOR RECOMMENDATION VOTE %
AES Corp. AES Proposal 4 Mercy Investment FOR 42%
Anadarko APC Item 5 As You Sow FOR 42%
Chevron CVX Item 7 Wespath/Hermes FOR 41%
Devon DVN Item 5 New York State FOR 36%
ExxonMobil XOM Item 12 New York State/Church of England FOR 38%
FirstEnergy FE Item 7 As You Sow FOR 32%
Noble Energy NBL Proposal 5 Presbyterian Church USA FOR 25%
Occidental Oxy Proposal 5 Wespath/Nathan Cummings Foundation FOR 49%
Southern Co SO Item 9 Tri-State Coalition for Responsible Investment FOR 34%

 

Moving forward, investors expect fossil fuel companies to come to the table and collaborate to prepare meaningful disclosures to assess the risks and opportunities presented by the energy transition. For more information on how to get involved for the 2017 season, please contact Shanna Cleveland.