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When Green Matters

Environmentalists may once have struggled to be heard, but now companies are agreeing to climate change proposals without a fight

By Duncan Wood | Updated on June 01, 2007

This year’s proxy season has arrived and, with it, another record-breaking wave of climate change activism. In total, 45 resolutions have been filed by investor groups, dwarfing last year’s previous high of 36. The new crop of resolutions isn’t just greater in number. The resolutions are also more ambitious than before and have greater support, as mainstream investors and stock-pickers throw their considerable weight behind the activist agenda. “More and more investors are paying attention to climate risks and opportunities,” says Rob Berridge, manager for investor programs with CERES in Boston.

Most filings call for better information on the risks companies face and tend to target industries that are either big emitters of greenhouse gases or are seen as most exposed to the impact of climate change. But companies who believe they are safely below the activists’ radar might be in for a surprise–the end goal is routine disclosure of climate-related risks and activities across entire industries.

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