Investor Support of 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 scenario analysis (2DS) to demonstrate portfolio resilience amidst the energy transition. The resolutions had the broadest mainstream shareholder support ever for U.S. climate risk resolutions, garnering a 49% vote at Occidental Petroleum, 41% at Chevron and 38% at ExxonMobil. The momentum of this stems from a similar campaign employed by the Aiming for A coalition for the BP and Shell resolutions in 2015.
The momentum continues and we will soon be coordinating a public declaration process for shareowners who wish to declare an intention to vote IN FAVOR of the resolutions at the 2017 AGMs.
For more information on how to get involved, please contact Shanna Cleveland.
Full text shareholder resolutions for 2017 can be explored here.
THIS IS NOT A REQUEST FOR A SOLICITATION OF PROXIES. THIS IS SOLELY A REQUEST FOR A SHOW OF SUPPORT BY PUBLICLY DECLARING YOUR INTENTION TO VOTE IN FAVOR OF THE REFERENCED PROPOSALS ON THE MANAGEMENT’S PROXIES.
THIS DECLARATION CONSTITUTES A COMMUNICATION BY A SECURITY HOLDER STATING HOW THE SECURITY HOLDER INTENDS TO VOTE WHICH IS BEING MADE BY MEANS OF PRESS RELEASES, PUBLISHED OR BROADCAST OPINIONS, STATEMENTS, OR ADVERTISEMENTS APPEARING IN BROADCAST MEDIA, NEWSPAPER, MAGAZINE OR OTHER BONA FIDE PUBLICATION DISSEMINATED ON A REGULAR BASIS, PURSUANT TO 17 C.F.R. 240.14a-(1)(l)(2)(iv).