Berkshire Hathaway, TCFD Reporting. Filed by Brunel Pension Partnership Limited represented by EOS at Federated Hermes, Caisse de Dépôt et Placement du Québec, California Public Employees’ Retirement System, and State of New Jersey Common Pension Fund. See supporting exempt solicitation here. RESULT: 26.6% FOR
Boeing Co., Report on Alignment with Climate Action 100+ Benchmark Net Zero Indicator. Filed by As You Sow. Supporting exempt solicitation here. RESULT: 91.4% FOR
Caterpillar Inc., Report on GHG Emissions Targets. Filed by As You Sow, Shareholder Association for Research & Education (SHARE), and Canada Post Corporation Pension Plan. RESULT: 96.0% FOR
Chevron Corp. Adopt GHG Reduction Targets. Filed by Follow This. See supporting exempt solicitation here. RESULT: 32.6% FOR | Report on Methane Measurement. Filed by Mercy Investment Services, Inc. RESULT: 98.0% FOR | Report on Climate Change Financial Risks. Filed by As You Sow. See supporting exempt solicitation here and Carbon Tracker assessment here. RESULT: 38.7% FOR | Adopt GHG Reduction Targets. Filed by Follow This. See supporting exempt solicitation here. RESULT: 27.1% FOR
ExxonMobil, Report on Climate Change Financial Risks. Filed by Christian Brothers Investment Services. See supporting exempt solicitation here and Carbon Tracker assessment here. RESULT: 51.0% FOR
Imperial Oil, Align Capital Expenditure with the IEA Net Zero Scenario. Filed by Bâtirente with the support of Æquo Engagement Services, Inc. See supporting memo here. RESULT: 1.5% FOR(6.5% of independent votes)
Phillips 66, Adopt GHG Reduction Targets. Filed by Follow This. See supporting exempt solicitation here. RESULT: 36.2% FOR
Valero Energy Corp., Adopt GHG Reduction Targets. Filed by Mercy Investment Services, Inc. See supporting memo here. RESULT: 47.1% FOR
Berkshire Hathaway, California Public Employees’ Retirement System to WITHHOLD vote from two members of the Audit Committee. See investor statement here and supporting exempt solicitation here. RESULTS: Election of Susan Decker, 13.3% AGAINST | Election of Meryl Witmer, 3.3% AGAINST
Chevron Corp., California Public Employees’ Retirement System to vote AGAINST four members of the Public Policy & Sustainability Committee for failing to adequately respond to the Climate Action 100+ engagement initiative. See investor statement here. RESULTS: Election of Alice Gast, 2.2% AGAINST | Election of Enrique Hernandez Jr., 7.5% AGAINST | Election of John Huntsman, 2.7% AGAINST | Election of D. James Umpleby III, 2.3% AGAINST
CRH plc, Sarasin & Partners to vote AGAINST three management proposals. Supporting information here. RESULTS: Review of Company’s affairs and consideration of Financial Statements and Reports of Directors and Auditors for the year ended 31 December 2021, 2.3% AGAINST | Re-election of Directors: S Kelly, 2.3% AGAINST | Continuation of Deloitte Ireland LLP as Auditors, 2.1% AGAINST
ConocoPhillips, EOS at Federated Hermes to vote AGAINST Chair of the Public Policy and Sustainability Committee at ConocoPhillips. See exempt solicitation here. RESULTS: 1B election of Jody Freeman, chair of the Public Policy and Sustainability Committee, 4.4% AGAINST
Engie SA, MN to vote AGAINST two management proposals on accountancy grounds. Supporting information here. RESULTS: Approval of transactions and annual financial statements for fiscal year 2021 Less than 1% AGAINST | Approval of the consolidated financial statements for fiscal year 2021 Less than 1% AGAINST
Equinor ASA Sarasin & Partners to vote AGAINST three management proposals. Supporting information here. RESULTS: 10. The general meeting endorses the company’s energy transition plan 2.5% AGAINST (18.8% of independent votes) | 6. The annual accounts and the annual report for 2021 for Equinor ASA and the Equinor group are approved and 4th Q dividend Less than 1% AGAINST (1.5% of independent votes) | 22. Remuneration to the auditor for 2021 of NOK 55,981,079 for Equinor ASA is approved. Less than 1% AGAINST
Glencore PLC LGPS Central to vote AGAINST a management proposal. Supporting information here. RESULTS: 13. To approve the Company’s 2021 Climate Progress Report 23.7% AGAINST
Holcim Ltd. Ethos Foundation to vote AGAINST management proposals. Supporting information here. RESULTS: Advisory vote on Holcim’s Climate Report Proposal of the Board of Directors: 4.7% AGAINST | Acceptance of Holcim’s Climate Report in an advisory vote. 5.4% ABSTAIN
l’Air Liquide S.A. Trusteam Finance to vote AGAINST on the auditor. Supporting information here. Renewal of the term of office as a Principal Statutory Auditor of PricewaterhouseCoopers Audit RESULTS: 4.1% AGAINST
NextEra Energy, Inc Sarasin & Partners to vote AGAINST the Lead Director and the Board Chair. See investor statement here. RESULTS: Item 1a – Sherry Barrat (Lead Director) 12.7% AGAINST | Item 1i – James Robo (Chair) 8.4% AGAINST
The Southern Company , The Office of the Illinois State Treasurer to vote AGAINST the Board Chair of Southern Company. See investor statement here. RESULTS: Thomas A. Fanning 6.7% AGAINST
TotalEnergies SE MN Services to vote AGAINST the climate transition progress report and AGAINST the executive remuneration over 2021 of the combined Chair and CEO. Supporting information here. RESULTS: 12. Remuneration of Chair/CEO 18.7% AGAINST | 16. Transition Plan Progress Report 11.1% AGAINST
Volkswagen AG Church of England Pensions Board to vote AGAINST two management proposals on the grounds of a lack of governance oversight on net zero aligned lobbying disclosure. Supporting information here. RESULTS: Resolution on the formal approval for fiscal year 2021 of the actions of the members of the board of management who held office in fiscal year 2021. Less than 1% AGAINST (5.0% of ‘free float’ independent votes) | 4. Resolution on the formal approval for fiscal year 2021 of the actions of the members of the supervisory board who held office in fiscal year 2021. Less than 1% AGAINST (5.2% of ‘free float’ independent votes)
Berkshire Hathaway, TCFD Reporting. Filed by Hermes Investment Management, Caisse de depot et placement du Quebec, and California Public Employees’ Retirement System. RESULT: 28.3% FOR, 60% of non-insider shareholders voted FOR.
Bunge, Report on eliminating deforestation in soy supply chain. Filed by Green Century Capital Management. RESULT: 98.99% FOR (highest-ever recorded vote for a deforestation-related shareholder proposal).
Caterpillar, Report on alignment with Climate Action 100+ Net Zero Company Benchmark indicators. Filed by As You Sow. RESULT: 48% FOR.
Chevron, Report on Climate Change Financial Risks. Filed by As You Sow. RESULT: 47.8% FOR.
Delta Air Lines, Paris-aligned lobbying. Filed by BNP Paribas Asset Management. RESULT: 62.9% FOR. Press release.
Dominion, Independent Chair. Filed by New York City Comptroller’s Office. RESULT: 42.2% FOR.
Duke, Independent Chair. Filed by New York City Comptroller’s Office. RESULT: 35.1% FOR.
ExxonMobil, Paris-aligned lobbying. Filed by BNP Paribas Asset Management. RESULT: 63.8% FOR.
ExxonMobil, Report on Climate Change Financial Risks. Filed by CBIS. RESULT: 48.9% FOR.
General Electric, Climate Action 100+ Net Zero Commitment. Filed by As You Sow. RESULT: 98% FOR. Press release.
General Motors, Climate Action 100+ Executive Remuneration. Filed by As You Sow. RESULT 16.3% FOR.
Imperial Oil, Adopt Net-zero GHG Reduction Targets. Filed by Aequo on behalf of Bâtirente. RESULT: 14% FOR, 59% of independent shareholders voted FOR. Press release.
Phillips66, Paris-aligned lobbying. Filed by California State Teachers’ Retirement System. RESULT: 62.49% FOR. Press release.
United Airlines, Paris-aligned lobbying. Filed by Presbyterian Church (USA). RESULT: 65.4% FOR.
ExxonMobil: The board refreshment at Exxon, proposed by Engine No.1, was supported by CalPERS and CalSTRS, which both filed letters with the SEC to allow them to share views with other shareholders, as well as leading investors EOS at Federated Hermes, New York City Comptroller’s Office, New York State Common Retirement Fund, LGIM and Aviva Investors. RESULT: Three of Engine No.1’s nominees to the board were elected at its AGM on 26 May – see here for Climate Action 100+ press statement.
Caterpillar Inc., Lobbying Disclosure. Filed by SHARE. RESULT: 33.4% FOR.
Chevron Corporation, Paris-aligned lobbying. Filed by BNP Paribas Asset Management. RESULT: 53.5% FOR.
Delta Air Lines Inc., Paris-aligned lobbying. Filed by BNP Paribas Asset Management. RESULT: 45.9% FOR.
Dominion Energy, Inc., Independent Chair. Filed by New York City Comptroller’s Office. RESULT: 46.6% FOR.
Duke Energy Corporation, Independent Chair. Filed by New York City Comptroller’s Office. RESULT: 40.1% FOR.
Duke Energy Corporation, Lobbying Disclosure. Filed by Mercy Investment Services, Inc. RESULT: 42.4% FOR.
ExxonMobil Corporation, Independent Chair. Filed by Olga Monks Pertzoff Trust 1945. RESULT: 32.7% FOR.
ExxonMobil Corporation, Lobbying Disclosure. Filed by United Steelworkers of America. RESULT: 37.6% FOR.
Ford Motor Company, Lobbying Disclosure. Filed by Unitarian Universalist Association. RESULT: 20.2% FOR.
General Motors, Lobbying Disclosure. Filed by New York City Comptroller’s Office. RESULT: 33.1% FOR.
Southern Company, Independent Chair. Filed by New York City Comptroller’s Office. RESULT: 22.3% FOR.
United Airlines Holdings, Paris-aligned lobbying. Filed by BNP Paribas Asset Management. RESULT: 31.5% FOR.
