Thursday, March 06, 2008

Shareholder Resolutions on the Rise

U.S. investors have filed a record 54 shareholder resolutions with U.S. companies facing "far-reaching business impacts from climate change," according to a coalition of investors demanding that corporations include tangible responses to climate change in their basic business strategies.

That's nearly twice as many as were filed two years ago, says the Boston-based Ceres coalition of companies, investors and environmental groups that includes San Francisco Bay Area companies such as Catholic Healthcare West, Clif Bar & Co., Gap Inc., PG&E Corp. and Sun Microsystems Inc., along with both the Sacramento-based California State Teachers' Retirement System and the California Public Employees Retirement System, two of the nation's largest public pension funds.