Exxon Declares War On Its Dissenters

The 2024 corporate annual general meeting season has begun, and that means it’s time to vote your proxy ballots. Why is voting proxy ballots so important?  The shareholder proposal process allows both large and small shareholders to alert corporate boards and the investor community to their concerns and to request timely action on emerging, or neglected, issues. A […]

Current MRTI efforts include letter to fossil fuel giant, resolution filed with Goldman Sachs

Shareholders argue the company’s aggressive legal action undermines shareholder rights and the US SEC’s authority.

Proponents as of mid-Feburary 2024 had filed at least 527 shareholder resolutions on environmental, social and related sustainable governance issues for the 2024 proxy season. This is down by only a few from 536 last year at the same time. It still seems possible the total will reach the 630-year-end total of last year.

Asset owners seek to block ExxonMobil appointments.

The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.

Filing highlights concerns regarding the company’s escalating attacks on proponents of shareholder resolutions challenging the company’s response to climate-related financial risks. NEW YORK, NY, MONDAY, APRIL 22, 2024 – The Interfaith Center on Corporate Responsibility (ICCR)  announced today that it filed a proxy exempt solicitation via the SEC’s EDGAR platform in response to disparaging statements […]

NEW YORK, NY, TUESDAY, APRIL 16, 2024 – ICCR’s Governing Board today announced that the 2024 Legacy Award winner is Patricia (Pat) Zerega, who recently retired from Mercy Investment Services. The ICCR Legacy Award was created to honor those whose work has provided a strong moral foundation and an enduring record of demonstrated influence on […]

ExxonMobil Corporation recently released its 2024 proxy statement, which includes a United Church Funds shareholder proposal requesting that Exxon report on how a reduced demand for virgin plastic would impact the company’s financial position. The proponent designated As You Sow as its representative.

Oil major repeats claims that shareholder proposal process is being abused, calls out filers.

US SIF, ICCR, and Shareholder Rights Group challenge statement from Republican commissioners, while fund industry association ‘urges’ SEC to align anti-greenwashing regulation with watered-down climate disclosure rule.

The corporate behemoth’s lawsuit is a wake-up call to investors. And all Americans.