{"id":66,"date":"2017-12-28T08:53:03","date_gmt":"2017-12-28T08:53:03","guid":{"rendered":"https:\/\/cryptorepublic.app\/?p=66"},"modified":"2017-12-28T08:53:03","modified_gmt":"2017-12-28T08:53:03","slug":"shareholder-proposals-target-climate-change-risk","status":"publish","type":"post","link":"https:\/\/cryptorepublic.app\/?p=66","title":{"rendered":"Shareholder Proposals Target Climate Change Risk"},"content":{"rendered":"

[vc_row][vc_column][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbAs the Trump administration has backed away from extending even the modest efforts on climate change initiated by his predecessor\u2013 let alone initiating any policy even remotely adequate toward confronting the magnitude of the problem\u2013 three types of efforts loom larger.\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:25″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbFirst, are those by other countries to move away from fossil fuels, toward renewable sources of energy. These are not limited to developed countries, but as I wrote here, now also include China and India, the world\u2019s two most populous countries, each of which is attempting to curtail use of fossil fuels.\u00bb][tm_spacer size=\u00bblg:63″][vc_row_inner][vc_column_inner width=\u00bb3\/12″][tm_image image=\u00bb875″][tm_spacer size=\u00bbsm:30″][\/vc_column_inner][vc_column_inner width=\u00bb9\/12″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbUse psychological pricing methods.\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbThe Journal notes that last year, three successful proposals at Occidental, Exxon, and PPL \u201cwere the first to garner majority votes on resolutions for annual disclosure of the impact on business from global efforts to limit the average rise in temperatures.\u00bb][tm_spacer size=\u00bbxs:30;lg:35″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbAs investors such as BlackRock look deeper into strategy and climate change issues (and call them out specifically in their shareholder engagement activities), they are increasingly becoming more active in their support for calls for increased transparency and disclosure regarding portfolio companies\u2019 preparedness for climate change.\u00bb][\/vc_column_inner][\/vc_row_inner][tm_spacer size=\u00bbxs:30;lg:52″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbEY\u2019s 2017 investor survey on ESG issues found that investors routinely included ESG considerations as part of their investment decisions. Shareholders are not only paying closer attention to non-financial indicators, but they are also more likely to take action on such information.\u00bb][tm_spacer size=\u00bbxs:30;lg:68″][vc_row_inner][vc_column_inner offset=\u00bbvc_col-md-6″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbDemonstrate the differences\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbAccording to the study, the percentage of respondents who consider nonfinancial disclosures to be seldom material or have no financial impact dropped from 60% in 2013 to 16% in 2016. \u00ab][tm_spacer size=\u00bbsm:30;lg:68″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbOffer a money-back guarantee\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbFurthermore, the report found that, when faced with disclosures of risk or history of poor environmental performance, 15 percent of investors responded that they would rule out the investment immediately, while 76 percent would reconsider the investment.\u00bb][tm_spacer size=\u00bbsm:30;lg:68″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbTest your offer and price, and be creative.\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbSimilarly, 8 percent of investors responded that they would rule out an investment with disclosures involving risk from climate change, while 71 percent would reconsider the investment.<\/p>\n

Actual voting data seems to confirm the study; many shareholders are coming off the sidelines on environmental and social shareholder proposals.\u00bb][\/vc_column_inner][vc_column_inner offset=\u00bbvc_col-md-6″][tm_spacer size=\u00bbsm:40″][tm_image full_wide=\u00bb1″ image=\u00bb876″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Actual voting data seems to confirm the study; many shareholders are coming off the sidelines on environmental and social shareholder proposals.<\/p>\n","protected":false},"author":1,"featured_media":40,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[26,28],"class_list":["post-66","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-competitive-research","tag-classic","tag-industry"],"views":467,"_links":{"self":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/posts\/66","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66"}],"version-history":[{"count":0,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/posts\/66\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/media\/40"}],"wp:attachment":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}