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Shareholders Pressure JPMorgan Chase to Expand Its Policies Addressing Deforestation


Shareholders Pressure JPMorgan Chase to Expand Its Policies Addressing Deforestation
ByLiz Kimbrough
Financial giant JPMorgan Chase has agreed to expand its policies addressing deforestation after pressure from shareholders, led by the investment group Green Century Capital Management.
Green Century strategically invests in companies to push for change from within. Per SEC rules, investors who have held more than $2,000 of a company for at least one year can submit a short proposal requesting that the company take a specific action. If the recommendations are deemed reasonable according to SEC regulations, the company must add the proposal to the agenda for voting at their annual shareholders’ meeting. ....

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