Socially Responsible Investing Information Update
Updated by Erin Ripperger on July 26, 2023
Recent Portico News Articles
- 2021 Nuveen Investments Delivered Quantifiable Impact for Environment and Community Well-Being, April 18, 2023
- Impax Reports Stronger Positive Environmental Impact in 2021, December 27, 2022
2023 Shareholder Resolutions
Chemical Reduction
In order to mitigate legal, financial, and reputational risks, requesting adoption of new policies to help reduce chemical footprint.
Company: Disney
Status: Co-filers withdrew their resolution once Disney committed to disclose this information.
Climate Lobbying
Corporate lobbying activities that are misaligned with the goals of the Paris Agreement present regulatory, reputational, legal, and financial risks; therefore, requesting a report around lobbying activities alignment with the goal of limiting average global warming to 1.5 degrees Celsius.
Company: Alphabet
Status: The company failed to respond, and the resolution received a 17.9% “for” vote at the June 2, 2023 meeting.
Company: EOG Resources
Status: Co-filers withdrew their resolution once EOG committed to create a report and continue dialogue on the drafting of the report.
Company: Meta Platforms
Status: The company failed to respond, and the resolution received a 9.8% “for” vote at the May 31, 2023 meeting.
Employee Paid Sick Leave
In order to reduce reputational risk and operational risks, requesting a policy that all employees accrue paid sick leave.
Company: CVS
Status: The company failed to respond, and the resolution received a 26.2% “for” vote at the May 18, 2023 meeting.
Human Rights
In order to mitigate human rights risks, asking for a report to determine whether customers’ use of its products or services with surveillance technology and artificial intelligence (AI) capability or of its components that support autonomous military and police vehicles, contributes to human rights harms.
Company: Keysight Technologies
Status: Co-filers withdrew their resolution once Keysight committed to create the report and continue to engage with shareholders on human rights issues.
Company: Texas Instruments
Status: The company failed to respond, and the resolution received a 23% “for” vote at the April 27, 2023 meeting.
Company: Microchip Technology
Status: Outcome not yet available. The resolution will be voted on at the August 2023 meeting.
Methane Emissions
In order to mitigate reputational risks and license to operate risks, requesting a report on methane emission disclosures.
Company: Kinder Morgan
Status: Co-filers withdrew their resolution once Kinder Morgan committed to create greenhouse gas reduction targets and continue dialogue.
Racial Equity Audit
In order to mitigate legal, financial, reputational, and human capital management risks, requesting disclosure of the findings of an independent racial equity audit.
Company: Chevron
Status: The company failed to respond, and the resolution received a 9.8% “for” vote at the May 31, 2023 meeting.
Company: Walmart
Status: The company failed to respond, and the resolution received a 18.2% “for” vote at the May 31, 2023 meeting.
Reproductive Health Care
In order to mitigate reputational risks and create competitive advantages requesting a report on current corporate policies regarding reproductive health care.
Company: Humana
Status: Co-filers withdrew their resolution once Humana committed to create a report.
Worker Safety
In order to mitigate OSHA penalties, staffing issues and related costs, and reputational risks, requesting an audit on policies and practices related to worker safety and well-being.
Company: Dollar General
Status: The company failed to respond, and the resolution received a 67.7% “for” vote at the May 25, 2023 meeting.
2022 Shareholder Resolutions
Chemical Reduction
In order to mitigate legal, financial, and reputational risks, requesting adoption of new policies to help reduce chemical footprint.
Company: Dollar General
Status: Withdrawn due to commitment to expand its chemical restrictions to additional product categories, expand the number of chemicals addressed in the restricted substances list and agreed to join the Chemical Footprint Project.
Climate Change
In order to mitigate legal, financial, reputational risks, requesting a climate change report.
Company: Entergy
Status: Withdrawn due to a commitment to create a climate change report and continued dialogue.
Company: PPL
Status: Withdrawn due to a commitment to create a climate change report and continued dialogue.
Climate Lobbying
Corporate lobbying activities that are misaligned with the goals of the Paris Agreement present regulatory, reputational, legal, and financial risks; therefore, requesting a report around lobbying activities alignment with the goal of limiting average global warming to 1.5 degrees Celsius.
Company: AIG
Status: Withdrawn due to commitment to create report and have continued dialogue on the drafting of the report.
Company: American Airlines
Status: Withdrawn due to a commitment to conduct an analysis of their climate lobbying activities and to align lobbying on climate policy with the goals of the Paris Agreement.
Company: ExxonMobil
Status: Withdrawn due to commitment to create climate lobbying report.
Employee Paid Sick Leave
In order to reduce reputational risk and operational risks, requesting a policy that all employees accrue paid sick leave.
Company: CVS
Status: 26.2% FOR vote at the May 11, 2022 meeting.
Human Rights
In order to mitigate human rights risks, asking for a report to determine whether customers’ use of its products or services with surveillance technology and artificial intelligence (AI) capability or of its components that support autonomous military and police vehicles, contributes to human rights harms.
Company: NVIDIA
Status: Withdrawn due to a commitment to report on issue and continues dialogue.
Methane Emissions
In order to mitigate reputational risks and license to operate risks, requesting a report on methane emission disclosures.
Company: Antero Resources
Status: Withdrawn due to a commitment to report on methane emissions.
Racial Equity Audit
In order to mitigate legal, financial, reputational, and human capital management risks, requesting disclosure of the findings of an independent racial equity audit.
Company: Chevron
Status: 47.5% FOR vote at the May 25, 2022 meeting.
Company: Johnson & Johnson
Status: 62.6% FOR vote at the April 28, 2022 meeting.
Company: Tyson Foods
Status: Withdrawn due to a commitment to an independent racial equity audit and continued dialogue.