by Rebecca Walker — July 14, 2010—The number of environmentally-focused shareholder resolutions filed with public companies continued growing in the 2010 proxy season as investors sought more disclosure and action on risks related to climate change and energy.
Eighty-eight U.S. and Canadian companies received 101 shareholder resolutions in the 2010 proxy season, a 48.5 percent increase over the year before, according to the Investor Network on Climate Risk (INCR).
Of those, 51 were withdrawn by investors after their demands were met with action or commitments. In comparison, investors filed 68 climate and energy resolution in the 2009 proxy season, 31 of which were withdrawn following corporate commitments.
Thirty-four resolutions called for sustainability reports that included strategies related to climate change, eight asked for sustainability reports, and 10 requesting the adoption of climate change principles.
For more information, see the INCR Web site.
