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Shareholder Resolutions | ||
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Investor Environmental Health Network (IEHN) Inspired by the effectiveness of the Investor Network on Climate Risk and The Carbon Disclosure Project in encouraging companies to recognize the impact of global climate change on long-term corporate value, IEHN was set up to urge companies to Green Century coordinates efforts with other shareholders to influence the companies in its portfolio to adopt cleaner and healthier practices and products. It engages companies on the merits of improving their environmental performance, and makes the case that such action may help them succeed financially as well. Address environmental health questions in relation to their products. By engaging with corporate management and filing resolutions if necessary, IEHN aims to help companies position themselves both to avoid future liabilities and to take advantage of potential value enhancement opportunities. Its website shows various shareholder resolutions that IEHN has been involved in as well as useful reference documents that are relevant to investors and senior corporate management. Shareholder Resolutions Filed in 2007:
Shareholder Resolutions Filed in 2006:
Trillium Asset Management Corporation – History of shareholder resolution filing Trillium advocates the term "shareownership" which reflects its belief that the individuals and institutions that own shares in companies have a right and a responsibility to provide guidance to management on pressing policy issues the company faces. To do this, Trillium is in constant communication with corporate officials. If dialogue fails, it is willing to exercise the rights of its clients as shareholders to file a resolution, which usually comes up for a vote at the company's annual meeting. The following are examples of resolutions filed in relation to chemical issues.
Health Care Without Harm (HCWH) – Resolutions and shareholder MOUs on PVC, DEHP, Dioxin, Medical Waste Incineration Established in 1996, HCWH is an international coalition of hospitals and health care systems, medical professionals, community groups, health-affected constituencies, labor unions, environmental health organizations and religious groups. Its mission is to transform the health care industry worldwide to be an ecologically sustainable one, without compromising patient safety or care. HCWH has been working with health care facilities to phase out the use of PVC, by developing case studies to showcase their efforts for other healthcare facilities. Its website also provides information on the history of "Resolutions and Shareholder MOUs on PVC, DEHP, Dioxin, Medical Waste Incineration" filed by medical organizations and municipal governments.
Boston Common Asset Management – Active investor social update Boston Common tries to leverage its clients' rights as shareholders to engage companies on their practices and encourage reform. The details of its activities are reported on a quarterly basis and can be found in the section called"Active Investor Social Update" in its website. Calvert Social Investment Fund (CSIF) – History of shareholder resolution filing CSIF became the first mutual fund to file a shareholder resolution in the US in 1986. Calvert funds continues to propose shareholder resolutions on a variety of issues when their dialogue with corporate managers is unsuccessful in persuading a company to take action. Calvert filed 34 resolutions so far in 2007, followed by 26 in 2005 and 17 in 2006.
Citizens Advisers, Inc. – Shareholder activism report Citizens is committed to shareholder activism and advocacy as part of an ongoing effort to encourage the companies it invests in to address corporate, social and environmental concerns that may affect shareholder value. If it uncovers issues that need to be addressed in the process of investment process, Citizens engages in dialogue with company executives, writes letters and/or files or co-files resolutions that bring the issues to a vote by shareholders.
Domini Social Investments – History of shareholder resolution filing Domoni has actively engaged in shareholder activism since 1996 – through direct dialogue with corporations in its portfolios and the filing of shareholder resolutions. In 2006, Domini filed two chemical related resolutions: Avon on toxic policy report and Becton Dickinson on brominated fire retardants.
Ethical Funds Company – Shareholder resolution cases The Ethical Funds is the first mutual fund company in Canada to file shareholder resolutions on socially responsible business policies and practices. As of 2007, the Ethical Funds Company has filed shareholder resolutions with 13 companies on a variety of issues such as climate change, biodiversity, sustainability reporting, etc.
Green Century Capital Management – Proxy voting and corporate engagement history Green Century coordinates efforts with other shareholders to influence the companies in its portfolio to adopt cleaner and healthier practices and products. It engages companies on the merits of improving their environmental performance, and makes the case that such action may help them succeed financially as well.
Others - "Voting on Sustainability by Seven Large Dutch Investors", which includes text of shareholder proposals and company proxy statements
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