Updates

The Tri-State Coalition for Responsible Investment

Updates



31st of May 2017

ExxonMobil Investors Make History with Majority Vote on Climate Risk Disclosure (Ceres Press Release)

Investors claimed a historic win today at ExxonMobil’s annual meeting with a majority vote in favor of a shareholder proposal calling on the oil and gas giant to assess and disclose how it is preparing its business for the transition to a low-carbon future. The proposal was hotly contested as Exxon’s management fought to sway […]

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30th of May 2017

Faith investors mobilize to press ExxonMobil to address climate change

After decades of engagement, faith groups anticipate a tipping point on climate resolution at tomorrow’s annual shareholder meeting. NEW YORK, NY – Tuesday, May 30th, 2017 – To galvanize greater investor support and attention for one of the proxy season’s most anticipated votes, nearly three dozen faith-based investors – all members of the Interfaith Center […]

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24th of May 2017

Investors Send Strong Signal to Southern Company with 46% Vote: Align Operations with Low-Carbon Future

Investors Send Strong Signal to Southern Company: Align Operations with Low-Carbon Future In an important climate-related vote today, 46% of its shareholders asked The Southern Company (SO) to report on how it plans to align its business operations with a 2 degrees Celsius global warming scenario, up from 34% last year. The shareholder proposal was filed […]

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25th of April 2017

Tri-CRI Speaks Out Against Efforts to Limit Shareholder Voice

Members of the Tri-State Coalition for Responsible Investment stand in strong opposition to a draft bill under consideration that threatens to effectively eliminate the shareholder proposal process regulated by SEC Rule 14a-8. As part of a larger bill to roll back Dodd-Frank known as the Financial CHOICE Act 2.0, House Financial Services Chairman Jeb Hensarling (R-Texas), the […]

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20th of April 2017

Tri-CRI Urges Wells Fargo Shareholders to Support Business Standards Review Resolution

The Sisters of St. Francis of Philadelphia and sixteen co-filers, including members of the Tri-State Coalition, filed a shareholder resolution urging Wells Fargo to conduct a Business Standards Review in response to the consumer fraud scandal as the company continues to face serious regulatory, business, legal, reputational and human capital risks. Unethical business practices, the insular company culture, […]

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31st of March 2017

Sr. Pat Daly Actively Invites Confluence Members to Join in Shareholder Advocacy on Climate Change

(Article originally published by Confluence Philanthropy) Tim Smith, Confluence Advisor Member and Director of ESG Shareowner Engagement at Walden Asset Management, reports back from Sister Pat Daly’s keynote presentation at Confluence’s 2017 Annual Practitioners Gathering. Tim is a member of the steering committee for Confluence’s Active Owners Working Group, dedicated to helping funders and investors work together to […]

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13th of March 2017

Launch of Corporate Human Rights Benchmark

The Tri-State Coalition for Responsible Investment welcomes the launch of the Corporate Human Rights Benchmark, a tool investors can use to inform shareholder engagements related to human rights in the supply chain. The pilot report assesses 98 companies from three key sectors, including agricultural products, apparel, and extractives. 100 different performance indicators across six measurement themes were used to rank […]

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2nd of March 2017

Press Release: Pharma Companies Block Investor Requests for Greater Transparency on Drug Pricing

Drug companies including J & J, Merck, BMS and Pfizer Seek to Silence Shareholders by Omitting Resolution on Price Transparency from Company Proxies. (Link to ICCR Press Release) NEW YORK, NY – Thursday, March 2, 2017 – Long-term shareholders in major U.S. drug companies  today expressed outrage that their attempts to elicit greater transparency around excessive […]

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23rd of February 2017

Investors Renew Call on Exxon to Address Climate Risk

Coalition Representing $4 Trillion in Assets Asks Exxon How It Will Be Impacted by a Lower Carbon Future Original Press Release from the Office of the New York State Comptroller available here A coalition of institutional investors, led by New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund […]

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22nd of February 2017

Investors Urge Banks to Support DAPL Reroute

Tri-CRI members joined over 130 investors in signing a statement urging the banks financing the Dakota Access Pipeline (DAPL) to support the Standing Rock Sioux Tribe’s request to reroute the pipeline to avoid treaty territory. Investors highlighted the financial and reputational risks of being associated with a pipeline project that was developed without sufficiently assessing the implications for indigenous […]

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