Investors are pushing big companies to do better on the environment. And their focus isn’t just on big oil and power companies. In the next few weeks, Amazon shareholders will vote on a proposal to push the company to describe how it’s curbing its use of fossil fuels. In California, investors of Ross Stores are asking the retailer of off-price clothing to set goals for reducing greenhouse gas emissions. And in Kentucky, Yum Brands shareholders are seek an annual tally on what the parent of KFC, Pizza Hut and Taco Bell is doing about deforestation caused by its suppliers.Companies are facing increased environmental justice demands from consumers. But increasingly, environmentally minded shareholders are also targeting corporations. They’re going after consumer businesses, internet companies and others that don’t first come to mind as big polluters, pressing them to disclose their vulnerability to climate change—and improve on their plans. Every year shareholders try to place proposals on the agenda for their companies’ annual meetings. Five years ago, only 33% of all proposals related to climate change were aimed at companies outside the energy and utility industries. So far this year, 60% of such proposals are targeted at companies outside energy and utilities,… Read full this story
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