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Corporate disclosure of political giving hits record
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A proposal by a group of Sempra Energy stockholders calling for the San Diego-based Fortune 500 company to issue a report detailing how Sempra’s assets and lobbying activities align with the international Paris treaty on climate change was turned down at the company’s annual shareholders meeting Friday.
But the proposal’s backers were heartened by the fact that it received 37.47 percent support, according to a count of preliminary votes.
“This proposal underscores shareholder concern about anti-climate lobbying activities, whether done directly by a company or by its trade association,” said Lila Holzman, senior energy program manager of As You Sow, a nonprofit that represented investors who put forth the proposal. “Shareholders want companies to ensure their lobbying is aligned with Paris goals.”
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Two groups holding a small percentage of Sempra Energy stock have called for the San Diego-based Fortune 500 company to issue a report detailing how Sempra’s assets and lobbying activities align with the international Paris treaty regarding climate change.
Sempra shareholders will vote on the proposal, put forth by Calvert Research and Management and the Putney School Inc. Endowment, when the company holds its annual shareholders meeting on May 14.
Sempra’s board of directors has recommended a “no” vote, saying the company already provides sufficient information about sustainability and defended the natural gas holdings of its subsidiaries.
Based in Washington, D.C., Calvert Research and Management is a financial firm that specializes in Environmental, Social and Governanceinvestments. The Putney School, a boarding school in Vermont, promotes “progressive education for a sustainable future.”
NYT, Corporations, Vocal About Racial Justice, Go Quiet on Voting
Rights, starts off this way: As Black Lives Matter
protesters filled the streets last summer, many of the
country s largest corporations expressed solidarity and pledged
support for racial justice. But now, with lawmakers around the
country advancing restrictive voting rights bills that would have a
disproportionate impact on Black voters, corporate America has gone
quiet. The author is talking about new voting laws just
passed in Georgia and the reluctance, with some exceptions, of the
largest corporations to say anything or do anything-beyond anodyne
statements of support for voting rights in general-that might
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