HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > A revealing figure

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
A revealing figure
Shareholders demand to know
14/06/2007

Investors filing climate-related resolutions are piling up in US annual general meetings. Shareholders – like state and city pension fund, labour, foundations, religious and other institutional investors – are rigorously demanding disclosures on the risks of environmental impact on business activities of firms.

CERES, a top coalition of investors, environmental groups and other public interest organisations, revealed that there are 47 resolutions filed in the 2007 proxy season, a figure that is double the number of resolutions filed three years ago (see related story in International Finance section). Examples like General Motors (which is considering a resolution to provide the past ten years data as well as ten years projections of estimated annual greenhouse gas emissions from its products and operations) or Dominion Resources (where a whopping 22% of shareholders are seeking a report on how the company responds to regularity, competitive and public pressure to reduce carbon dioxide and other emissions from products and operations), are rare, but expected to increase by leaps and bounds. While discrete shareholder resolutions have been successful in forcing boards to come up with transparent climate change policies, much is still needed to be done at the regulator’s level to make such disclosures a norm.

By:- B&E
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.