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Hartford Insurance and Prudential Financial Commit to Climate Change Disclosure
Jan 28, 2011
Calvert, one of the nation’s largest families of socially responsible mutual funds, announced today that it has withdrawn climate change shareholder resolutions filed with two leading insurance companies: The Hartford Financial Services Group, Inc. and Prudential Financial Inc.
Pending Global Warming Resolutions for 2007 Proxy Season
Jan 28, 2011
Investors have filed 42 global warming resolutions with U.S. companies as part of the 2007 proxy season – nearly double the number of climate-related resolutions filed just three years ago. The resolutions, seeking greater disclosure from companies on their responses and strategies to climate-related business trends, were filed by state and city pension funds and labor, foundation, religious and other institutional shareholders. The filers collectively manage more than $200 billion in assets. Some of the resolutions at these companies are not proceeding to a vote either because the proposal was withdrawn by shareholders after a satisfactory pledge by the company to implement the request, or because the U.S. Securities and Exchange Commission (SEC) excluded the proposal on technical grounds.