2025 | Interfaith Center on Corporate Responsibility

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<strong>Company:</strong>
<p>Apple Computer, Inc.</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Corporate Governance </p>
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<strong>Focus Area:</strong>
<p>Shareholder Rights </p>
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<strong>Status:</strong>
<p>Withdrawn for Agreement</p>
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<h2>Resolution Text</h2>

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<div class=”views-field views-field-nothing”><span class=”field-content”> James McRitchie</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Corporate Governance</span></div>
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<strong>Company:</strong>
<p>Microsoft Corporation</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Human Rights & Worker Rights </p>
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<strong>Focus Area:</strong>
<p>AI / Artificial Intelligence, CAHRA / Conflict Zones, China, Data Privacy/Surveillance/Cyber Security, Human Rights Due Diligence, Uyghur Forced Labor (XUAR) </p>
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<strong>Status:</strong>
<p>Filed</p>
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<h2>Resolution Text</h2>
<p>RESOLVED: Shareholders request the Board of Directors publish a report, at reasonable cost and omitting proprietary information, assessing the effectiveness of Microsoft’s human rights due diligence (“HRDD”) processes in preventing, identifying, and addressing customer misuse of Microsoft artificial intelligence (“AI”) and cloud products or services that violates human rights or international humanitarian law.<br><br>The UN Guiding Principles on Business and Human Rights (“UNGPs”) constitute the global authoritative framework outlining human rights responsibilities of states and businesses, and expectations are heightened for companies with business activities in conflict-affected and high-risk areas.1 Companies are expected to take all reasonable steps to ensure their products and services – including the deployment of such technologies by customers – are not used to violate human rights.2 To meet these obligations, companies should conduct HRDD to identify, prevent, mitigate, and account for adverse human rights impacts, and to transparently report on the effectiveness of such HRDD.3<br><br>Microsoft states it conducts ongoing HRDD across its value chain, in line with its obligations under the UNGPs, but it neither explains its HRDD processes related to customer end use, nor reports on their effectiveness.4 Recent allegations of severe customer misuse suggest Microsoft’s HRDD may be ineffective.<br><br>For example, several reports have alleged Israel’s use of Microsoft’s AI and cloud services and technologies in its attacks against Palestinian civilians and civilian objects,5 which have been labeled war crimes and crimes against humanity.6 Many prominent international organizations and scholars believe these attacks constitute genocide.7<br><br>In the face of serious allegations of complicity in genocide and other international crimes, Microsoft’s HRDD processes appear ineffective. Microsoft recently published a statement responding to these allegations, explaining it conducted an internal review and commissioned a third-party firm to “undertake additional fact-finding,” and concluding it “found no evidence to date that Microsoft’s Azure and AI technologies have been used to target or harm people in the conflict in Gaza.”8 The statement provides no additional information on the nature of the assessments, the definition of “harm,” nor the identity of the external firm. Notably, the statement admits a significant gap in Microsoft’s HRDD: “Microsoft does not have visibility into how customers use our software on their own servers or other devices.”<br><br>In another example, Microsoft provides AI and cloud computing services and mentorship to Chinese startups, through its incubator program.9 After graduating the program, some companies have subsequently partnered with the Xinjiang police where their surveillance tools and support have reportedly been used by the Chinese government in its brutal oppression of the Uyghur population.10<br><br>Inadequate HRDD exposes Microsoft to material legal, operational, and reputational risks. For example, Microsoft’s potential complicity in international crimes in Gaza has resulted in outspoken opposition from its own employees,11 a boycott and divestment campaign against the Company,12 and severe reputational damage that may harm long-term shareholder value.</p>
<p><br><br>1 https://www.ohchr.org/sites/default/files/documents/publications/guidingprinciplesbusinesshr_en.pdf<br>2 https://www.ohchr.org/sites/default/files/Documents/Issues/Business/B-Tech/taking-action-address-human-rights-risks.pdf<br>3 https://www.ohchr.org/sites/default/files/documents/publications/guidingprinciplesbusinesshr_en.pdf<br>4 https://msblogs.thesourcemediaassets.com/sites/5/2025/05/Microsofts-Commitment-to-Human-Rights.pdf<br>5 https://apnews.com/article/israel-palestinians-ai-technology-737bc17af7b03e98c29cec4e15d0f108; https://www.972mag.com/microsoft-azure-openai-israeli-army-cloud/; https://www.theguardian.com/world/2025/jan/23/israeli-military-gaza-war-microsoft<br>6 https://www.hrw.org/news/2024/11/14/israels-crimes-against-humanity-gaza; https://www.ohchr.org/en/press-releases/2024/10/un-commission-finds-war-crimes-and-crimes-against-humanity-israeli-attacks<br>7 https://news.un.org/en/story/2024/03/1147976; https://www.ohchr.org/en/press-releases/2024/11/un-special-committee-finds-israels-warfare-methods-gaza-consistent-genocide; https://www.amnesty.org/en/documents/mde15/8668/2024/en/; https://www.hrw.org/report/2024/12/19/extermination-and-acts-genocide/israel-deliberately-depriving-palestinians-gaza; https://www.middleeasteye.net/news/top-genocide-scholars-unanimous-israel-committing-genocide-gaza-investigation-finds<br>8 https://blogs.microsoft.com/on-the-issues/2025/05/15/statement-technology-israel-gaza/<br>9 https://restofworld.org/2024/microsoft-google-chinese-startup-incubator-police-surveillance/<br>10 https://restofworld.org/2024/microsoft-google-chinese-startup-incubator-police-surveillance/<br>11 https://noazureforapartheid.com/<br>12 https://</p>

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<h3>Lead Filer</h3>
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<div class=”views-field views-field-nothing”><span class=”field-content”> Aaron Acosta</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Religious of the Sacred Heart of Mary</span></div>
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<div class=”views-field views-field-nothing”><span class=”field-content”> Barbara McCracken</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Benedictine Sisters of Mount St. Scholastica</span></div>
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<div class=”views-field views-field-nothing”><span class=”field-content”> Joshua Brockwell</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Azzad Asset Management</span></div>
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<div class=”views-field views-field-nothing”><span class=”field-content”>Sr. Patricia Phillips</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Benedictine Sisters of Baltimore – Emmanuel Monastery</span></div>
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<strong>Company:</strong>
<p>Netflix, Inc.</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Corporate Governance </p>
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<strong>Focus Area:</strong>
<p>Shareholder Rights </p>
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<strong>Status:</strong>
<p>Vote</p>
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<strong>Vote Percentage:</strong>
<p>42.10%</p>
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<h2>Resolution Text</h2>
<p>Shareholders ask our board to take the steps necessary to amend the appropriate company governing documents to give the owners of a combined 15% of our outstanding common stock the power to call a special shareholder meeting.</p>
<p>A 15% stock ownership threshold to call a special meeting would bring Netflix generally in line with more than 100 companies that provide for 25% of shares to be able to call for a special shareholder meeting. More than 100 companies do not attach strings to their 25% threshold. However Netflix attached a big string to its current threshold by excluding all shares that are not held for a full continuous year. Thus to make up for the exclusion of all shares held for less than a full continuous year the new threshold at Netflix should reasonably be set at 15%.</p>
<p>Since a special shareholder meeting can be useful in replacing a director, this proposal may be an incentive for Netflix directors to improve their performance and in turn improve Netflix shareholder value. For instance one NFLX director has excessive 23-years Board tenure and received 78 million against votes. This was 10-times the against votes of a number of other NFLX directors.</p>
<p>Calling a special shareholder meeting is hardly ever used by shareholders but the main point of the right to call a special shareholder meeting is that it gives NFLX shareholders a Plan B option if management is not interested in good faith shareholder engagement. NFLX would have an incentive to genuinely engage with shareholders as an alternative to conducting a special shareholder meeting.</p>
<p>With the widespread use of online shareholder meetings it is much easier for NFLX to conduct a special shareholder meeting and thus NFLX bylaws need to be updated accordingly.</p>
<p>This proposal won 45% NFLX shareholder support at the 2024 NFLX annual meeting.</p>

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<div class=”views-field views-field-nothing”><span class=”field-content”> John Chevedden</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Chevedden Corporate Governance</span></div>
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<strong>Company:</strong>
<p>Procter & Gamble Company</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Environment </p>
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<strong>Focus Area:</strong>
<p>Plastics Pollution, Recycling </p>
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<strong>Status:</strong>
<p>Filed</p>
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<h2>Resolution Text</h2>
<p class=”Paragraph SCXW23827065 BCX0″><strong>WHEREAS: </strong>Without immediate and sustained new commitments throughout the plastics value chain, annual flows of plastics into oceans could nearly triple by 2040.1 The growing plastic pollution crisis poses increasing risks to Procter & Gamble. Corporations could face an annual financial risk of approximately $100 billion should governments require them to cover the waste management costs of packaging they produce.2 Governments around the world are increasingly enacting such policies, including five new state laws that impose fees on corporations for single-use plastic (SUP) packaging.3 The European Union has banned ten SUP pollutants and taxed some non-recycled plastic packaging.4 A French law requires 10% of packaging be reusable by 2027 and Portugal requires 30% reusable packaging by 2030.5 Additionally, consumer demand for sustainable packaging is increasing.6  </p>
<p class=”Paragraph SCXW23827065 BCX0″>Pew Charitable Trusts’ groundbreaking study, Breaking the Plastic Wave (“Pew Report”), concluded that improved recycling alone is insufficient to address plastic pollution—instead, recycling must be coupled with reductions in use, materials redesign, and substitution.7 The Pew Report finds that the greatest opportunity to reduce or eliminate plastic lies with flexible plastic packaging—thin, disposable plastic often used to package food, laundry, and beauty and home care products. This packaging is virtually unrecyclable in America. With innovation, redesign, and substitution, 26 million metric tons of flexibles can be avoided globally.8   </p>
<p class=”Paragraph SCXW23827065 BCX0″>The Pew Report finds that reducing plastic use is the most viable solution from environmental, economic, and social perspectives, yet broad corporate and stakeholder alignment on flexible packaging solutions is lacking.9 </p>
<p class=”Paragraph SCXW23827065 BCX0″>Despite its stated commitments to sustainable packaging, approximately 19% of P&G’s packaging remains in flexible packaging.10  In the absence of immediate action to eliminate flexibles by robustly engaging in research and expansion of reusable packaging, P&G will fail to meet its 2030 packaging goals. P&G lags in its goal to reduce virgin plastic by 50% by 2030, with total corporate virgin plastic use increasing 3% in 2020-2021.11 </p>
<p class=”Paragraph SCXW152747161 BCX0″>Our Company could avoid regulatory, environmental, and competitive risks by adopting a comprehensive approach to addressing flexible plastic packaging use at scale.  </p>
<p class=”Paragraph SCXW152747161 BCX0″><strong>BE IT RESOLVED: </strong> Shareholders request that the Board issue a report, at reasonable expense and excluding proprietary information, describing how P&G could address flexible plastic packaging in alignment with the findings of the Pew Report, or other authoritative sources, to reduce its contribution to plastic pollution.   </p>
<p class=”Paragraph SCXW152747161 BCX0″><strong>SUPPORTING STATEMENT: </strong>The report should, at Board discretion: </p>

<p class=”Paragraph SCXW152747161 BCX0″>Assess the reputational, financial, and operational risks associated with continuing to use non-recyclable plastic packaging while plastic pollution grows; </p>

<p class=”Paragraph SCXW152747161 BCX0″>Evaluate feasible actions to achieve fully recyclable packaging including elimination and accelerated research into innovative reusable substitution; and </p>

<p class=”Paragraph SCXW152747161 BCX0″>Describe opportunities to pre-competitively work with peers to research and develop reusable packaging as an alternative to single-use packaging. </p>

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<div class=”views-field views-field-nothing”><span class=”field-content”> Kelly McBee</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>As You Sow</span></div>
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<strong>Company:</strong>
<p>Southern Company</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Corporate Governance </p>
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<strong>Focus Area:</strong>
<p>Majority Vote </p>
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<strong>Status:</strong>
<p>Vote</p>
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<strong>Vote Percentage:</strong>
<p>44.60%</p>
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<h2>Resolution Text</h2>
<p>Shareholders request that our board take each step necessary so that each voting requirement in our charter and bylaws (that is explicit or implicit due to default to state law) that calls for a greater than simple majority vote be replaced by a requirement for a majority of the votes cast for and against applicable proposals, or a simple majority in compliance with applicable laws. If necessary this means the closest standard to a majority of the votes cast for and against such proposals consistent with applicable laws. This includes making the necessary changes in plain English.</p>
<p>Shareholders are willing to pay a premium for shares of companies that have excellent corporate governance. The supermajority voting requirements, like those of The Southern Company, have been found to be one of 6 entrenching mechanisms that are negatively related to company performance according to “What Matters in Corporate Governance” by Lucien Bebchuk, Alma Cohen and Allen Ferrell of the Harvard Law School. Supermajority requirements are used to block initiatives supported by most shareowners but opposed by a status quo management.</p>
<p>This proposal topic won from 74% to 88% support at Weyerhaeuser, Alcoa, Waste Management, Goldman Sachs, FirstEnergy and Macy’s. These votes would have been higher than 74% to 88% if more shareholders had access to independent proxy voting advice. This proposal topic recived [sic] 98% support each in 2024 at Domino’s Pizza, FMC Corporation, ConocoPhillips, Masco Corporation and Power Integrations.</p>
<p>This proposal topic won impressive 98% support at the 2024 Southern Company annual shareholder meeting. This was even greater support than most of the Directors received. It was also greater support than the auditors received and greater support than the executive pay vote received.</p>

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<strong>Company:</strong>
<p>BJ's Wholesale</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Climate Change </p>
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<strong>Focus Area:</strong>
<p>GHG Reduction and Targets </p>
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<strong>Status:</strong>
<p>On Proxy</p>
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<h2>Resolution Text</h2>
<p><strong>WHEREAS</strong>: Meaningful reduction of greenhouse gas (GHG) emissions, which are driving climate change, requires an economy wide effort.[1] Acknowledging this, BJ’s Wholesale Inc. (“BJ’s” or “the Company”) agreed to commit to setting a science-based GHG emissions reduction target with the Science Based Targets initiative (SBTi), covering the full range of its emissions.[2] The Company has not delivered on its commitment. </p>
<p>This significant lapse raises concerns about Company leadership and its ability to execute on its commitments. Further, in its own 2021 assessment report, BJ’s identifies climate strategy, energy consumption, and operational and supply chain GHG emissions as material to its business.[3] </p>
<p>BJ’s has initiated efforts to reduce its GHG emissions footprint but has not set timebound goals for implementing reduction measures nor indicated whether it will accelerate its efforts. For example, while the Company has installed rooftop solar systems accounting for ~6 % of its total electricity consumption, it does not disclose plans or goals for future renewable energy procurement or analysis of potential cost savings.[4] Peers – both large and small – disclose clean and renewable energy goals.[5],[6],[7]</p>
<p>Refrigerant leaks constituted a notable 54% of the Company’s direct emissions and 25% of its total operational emissions in 2023.[8] Appropriately, BJ’s participates in an U.S. Environmental Protection Agency program aimed at phasing down potent GHG-containing refrigerants, which requires participants to set annual reduction goals. However, the Company does not actually publish any annual or overarching refrigerant emissions reduction goals. </p>
<p>By contrast, industry peers have set timebound goals to limit refrigerant emissions. Costco has committed to phasing out potent GHG-containing refrigerants by 30% by 2030,[9] and ALDI plans to transition all stores to natural refrigerants by 2035.[10] Kroger has established a zero-tolerance leak-rate policy and publishes details on its refrigerant management program.[11]<br><br>As federally mandated cuts on refrigerant manufacturing come into force,[1] BJ’s has yet to articulate a plan describing how it will mitigate risk to its refrigerant supply or manage likely elevated maintenance and retrofit costs.</p>
<p>By demonstrating its ability to more transparently address climate risks, BJ’s could enhance investor confidence and reduce material risks to its business.</p>
<p><strong>RESOLVED</strong>: Shareholders request BJ’s issue a report, above and beyond existing disclosures, describing if and how it could increase the scale, pace, and rigor of its GHG emissions reduction efforts. The report should be updated annually, prepared at reasonable cost, and omit proprietary information.</p>
<p><strong>SUPPORTING STATEMENT:</strong> In determining relevant content for the report, we recommend, at management’s discretion, taking into consideration:</p>

Approaches used by advisory groups like the SBTi.
Describing strategies, initiatives, metrics, and milestones it could employ to reduce emissions.
Setting timebound targets for renewable energy, energy efficiency, and refrigerant emissions reduction and other measures deemed appropriate by management. 

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<p>[1] https://unfccc.int/sites/default/files/NDC/2022-06/United%20States%20NDC%20April%2021%202021%20Final.pdf#page=2.20</p>
<p>[2] https://archive.trilliuminvest.com/company/bjs-wholesale-club/</p>
<p>[3] https://www.bjs.com/biz/pdfs/sustainability/bjs-sustainability-and-governance-report-2023.pdf#page=7</p>
<p>[4] https://www.bjs.com/biz/pdfs/sustainability/bjs-sustainability-and-governance-report-2023.pdf#page=19</p>
<p>[5] https://www.hannaford.com/press-releases/hannaford-supermarkets-commits-to-100-percent-renewable-energy-by-2024</p>
<p>[6] https://corporate.aldi.us/corporate-sustainability/climate-energy/renewable-energy/</p>
<p>[7] https://mobilecontent.costco.com/staging/resource/img/25w03130/5a_ClimateActionPlan_FY24.pdf#page=6</p>
<p>[8] https://www.bjs.com/biz/pdfs/sustainability/bjs-sustainability-and-governance-report-2023.pdf. pp. 19 & 29.</p>
<p>[9] https://mobilecontent.costco.com/staging/resource/img/25w03130/5a_ClimateActionPlan_FY24.pdf#page=7</p>
<p>[10] https://corporate.aldi.us/fileadmin/fm-dam/Progress_Report/aldi-2023-sustainability-report.pdf#page=4</p>
<p>[11] https://www.thekrogerco.com/wp-content/uploads/2024/11/Kroger-Co-2024-ESG-Report.pdf#page=38</p>
<p>[12] https://facilio.com/blog/what-is-aim-act/</p>

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<div class=”views-field views-field-nothing”><span class=”field-content”> Andrea Ranger</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Trillium Asset Management Corporation</span></div>
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<strong>Company:</strong>
<p>Calix</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Corporate Governance </p>
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<strong>Focus Area:</strong>
<p>Majority Vote </p>
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<strong>Status:</strong>
<p>Challenged</p>
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<h2>Resolution Text</h2>
<p>Shareholders request that our board take each step necessary so that each voting<br>requirement in our charter and bylaws (that is explicit or implicit due to default to<br>state law) that calls for a greater than simple majority vote be replaced by a<br>requirement for a majority of the votes cast for and against applicable proposals, or<br>a simple majority in compliance with applicable laws. If necessary this means the<br>closest standard to a majority of the votes cast for and against such proposals<br>consistent with applicable laws. This includes making the necessary changes in<br>plain English.</p>
<p>Shareholders are willing to pay a premium for shares of companies that have<br>excellent corporate governance. The supermajority voting requirements of Calix<br>have been found to be one of 6 entrenching mechanisms that are negatively related<br>to company performance according to “What Matters in Corporate Governance”<br>by Lucien Bebchuk, Alma Cohen and Allen Ferrell of the Harvard Law School.<br>Supermajority requirements are used to block initiatives supported by most<br>shareowners but opposed by a status quo management.<br><br>This proposal topic won from 74% to 88% support at Weyerhaeuser, Alcoa, Waste<br>Management, Goldman Sachs, FirstEnergy and Macy’s. These votes would have<br>been higher than 74% to 88% if more shareholders had access to independent<br>proxy voting advice.<br><br>This proposal topic, as a shareholder proposal, received 98%-support at the 2023<br>annual meetings of American Airlines and The Carlyle Group. This proposal topic<br>also received 98% support each at Domino’s Pizza, FMC Corporation,<br>ConocoPhillips, Masco Corporation and Power Integrations in 2024.<br><br>The overwhelming shareholder support for this proposal topic at hundreds of major<br>companies raises the question of why Calix has not initiated this proposal topic on<br>its own. It also raises the question that Calix may be overlooking other areas of<br>corporate governess improvement that could easily be adopted to increase<br>shareholder value at virtually no cost.</p>

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<h4>Resolution Details</h4>
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<strong>Company:</strong>
<p>International Business Machines Corp. (IBM)</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Lobbying & Political Contributions </p>
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<strong>Focus Area:</strong>
<p>Lobbying </p>
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<strong>Status:</strong>
<p>Vote</p>
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<strong>Vote Percentage:</strong>
<p>18.90%</p>
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<h2>Resolution Text</h2>
<p><strong>Whereas</strong>, full disclosure of IBM’s lobbying activities and expenditures is needed to assess whether IBM’s lobbying is consistent with IBM’s expressed goals and stockholder interests.<br><br><strong>Resolved, </strong>The stockholders of IBM request the preparation of a report, updated annually, disclosing:</p>
<p>1.Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications. </p>
<p>2. Payments by IBM used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient. </p>
<p>3. Description of management’s decision-making process and the Board’s oversight for making payments described above. </p>
<p>For purposes of this proposal, a “grassroots lobbying communication” is a communication directed to the general public that (a) refers to specific legislation or regulation, (b) reflects a view on the legislation or regulation and (c) encourages the recipient of the communication to take action with respect to the legislation or regulation. “Indirect lobbying” is lobbying engaged in by a trade association or other organization of which IBM is a member.<br> <br>Both “direct and indirect lobbying” and “grassroots lobbying communications” include efforts at the local, state and federal levels. <br><br>The report shall be presented to the Audit Committee and posted on IBM’s website.  <br><br><strong>Supporting Statement </strong><br><br>IBM spent $72 million from 2010 – 2023 on federal lobbying. This does not include state lobbying, where IBM also lobbies, spending $1,083,050 on lobbying in California from 2010 – 2023. IBM also lobbies abroad, spending between €1,750,000 – 1,999,999 on lobbying in Europe for 2022. <br> <br>Companies can give unlimited amounts to third party groups that spend millions on lobbying and undisclosed grassroots activity. These groups may be spending “at least double what’s publicly reported.”[1] <#_ftn1>  Unlike many of its peers, IBM fails to disclose its payments to trade associations and social welfare groups, or the amounts used for lobbying, to stockholders. IBM belongs to the Business Roundtable and US Chamber Commerce, which together have spent over $2.3 billion on federal lobbying since 1998.  IBM’s social welfare group disclosure includes the Alliance for Competitive Taxation but leaves others out, like the Bay Area Council and Future of Privacy Forum.<br> <br>IBM’s lack of disclosure presents reputational risk when its lobbying contradicts company public positions. For example, IBM believes in addressing climate change, yet the Business Roundtable filed an amicus brief opposing the Securities and Exchange Commission climate risk disclosure rules.[2] <#_ftn2> and the Chamber reportedly has been a “central actor” in dissuading climate legislation over a two-decade period.[3] <#_ftn3> IBM has attracted scrutiny for avoiding federal income taxes,[4] <#_ftn4> as the Business Roundtable has lobbied against a new minimum corporate tax[5] <#_ftn5> and the Alliance for Competitive Taxation has put out a study claiming higher corporate taxes would harm workers in every state.[6] <#_ftn6> Reputational damage stemming from these misalignments could harm stockholder value. <br> <br>Improved IBM lobbying disclosure will protect the reputation of IBM and preserve shareholder value.</p>
<p>——————</p>
<p>[1]  ttps://theintercept.com/2019/08/06/business-group-spending-on-lobbying-in-washington-is-at-least-double-whats-publicly-reported/ <https://theintercept.com/2019/08/06/business-group-spending-on-lobbying-in-washington-is-at-least-double-whats-publicly-reported/> . <br><br>[2]  https://www.eenews.net/articles/investors-question-business-roundtables-climate-rule-battle/ <https://www.eenews.net/articles/investors-question-business-roundtables-climate-rule-battle/> .<br><br>[3]  https://www.washingtonpost.com/politics/2023/08/02/climate-group-pushes-big-tech-exit-nations-largest-business-lobby/ <https://www.washingtonpost.com/politics/2023/08/02/climate-group-pushes-big-tech-exit-nations-largest-business-lobby/> . <br><br>[4] https://www.axios.com/2019/12/16/fortune-500-companies-corporate-income-tax <https://www.axios.com/2019/12/16/fortune-500-companies-corporate-income-tax> . <br><br>[5] https://www.washingtonpost.com/business/2023/08/14/biden-corporate-tax/ <https://www.washingtonpost.com/business/2023/08/14/biden-corporate-tax/> . <br><br>[6] https://www.actontaxreform.com/media/mnnpgwib/act-state-wage-effects-of-corporate-tax-increase-2.pdf <https://www.actontaxreform.com/media/mnnpgwib/act-state-wage-effects-of-corporate-tax-increase-2.pdf> . </p>

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<strong>Company:</strong>
<p>General Mills, Inc.</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Health </p>
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<strong>Focus Area:</strong>
<p>Pesticides </p>
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<strong>Status:</strong>
<p>Filed</p>
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<h2>Resolution Text</h2>
<p>WHEREAS: Industrial agriculture’s reliance on conventional farming practices — including substantial synthetic pesticide and fertilizer use, monocropping, and tillage — demonstrably harms farm resilience, pollinators, soil fertility and retention, the climate, water and air quality, and farm worker and community health, among others.</p>
<p>Conventional farming relies on the application of hundreds of tons of synthetic pesticides annually, which causes serious long term health impacts to farmworkers, including cancer, birth defects, cognitive impairment, and acute pesticide poisoning that results in approximately 11,000 deaths annually.1,2 Pesticide use also directly harms pollinators, which are critical to 35% of crop production, and contributes to air and water pollution.3</p>
<p>In contrast, regenerative agriculture is a farming system that includes the reduction of pesticide and synthetic fertilizer use, reduced tillage, crop rotation, cover cropping, and natural pest management. These practices preserve soil health and retain topsoil, while reducing impacts to humans and the environment.4</p>
<p>Failure to significantly reduce synthetic pesticide use impairs the soil’s ability to retain live organisms, which are critical to improving and maintaining soil health and sequestering carbon, key components of a regenerative farming system.5,6,7</p>
<p>The Boston Consulting Group estimates that farmers using regenerative practices will experience increased resiliency and see up to a 120% increase in profits over time compared to peers that farm conventionally.8</p>
<p>In 2019, General Mills committed to advancing regenerative agriculture on 1 million acres of farmland by 2030 to improve soil health, reduce greenhouse gas emissions, and build more resilient supply chains.9,10 However, the company does not disclose if or how it tracks, monitors, or reports pesticide use reduction by its suppliers, representing an important blind spot for the company and raising the potential for claims of greenwashing.</p>
<p>• In contrast, General Mills’ peers are quantitatively reporting outcomes of their pesticide reduction practices: Conagra reports that its farm management practices, including regenerative agriculture, avoided 145,000 gallons of soil fumigants and 8,700 gallons of post-emergence herbicides in its supply chain from 2021 to 2023.11<br>• Campbells publicly discloses the percentage of pesticides that are hazardous to humans and pollinators avoided in its tomato and potato supply chains, and that it uses crop rotation, reduced tillage, and integrated pest management.12<br>• Lamb Weston reports the amount of active ingredient pesticides used across its supply chain (3.1 pounds per ton harvested), representing progress toward its 2030 pesticide reduction goal.13</p>
<p>In a competitive marketplace that is increasingly demanding clean food, reduced human and environmental harm, and accurate information, understanding and disclosing supplier use of pesticides can reduce risk for shareholders and our Company, while minimizing harm to stakeholders.</p>
<p>RESOLVED: Shareholders request that General Mills disclose, at reasonable expense and omitting proprietary information, the reduction of pesticides achieved through adoption of its regenerative agriculture practices.</p>
<p>1 https://www.pesticidereform.org/pesticides-human-health<br>2 https://pubmed.ncbi.nlm.nih.gov/33287770/<br>3 https://newsarchive.berkeley.edu/news/media/releases/2006/10/25_pollinator.shtml<br>4 https://regenerationinternational.org/why-regenerative-agriculture/<br>5 https://pmc.ncbi.nlm.nih.gov/articles/PMC2984095<br>6 https://www.csuchico.edu/regenerativeagriculture/blog/soil-microbes-carbon-sequestration.shtml<br>7 https://soilhealthinstitute.org/news-events/nationwide-study-on-30-u-s-farms-shows-positive-economic-impact-of-soil-health-management-systems/<br>8 https://www.bcg.com/publications/2023/regenerative-agriculture-profitability-us-farmers<br>9 https://www.generalmills.com/how-we-make-it/healthier-planet/environmental-impact/regenerative-agriculture<br>10 https://www.generalmills.com/news/stories/how-were-building-brands-with-purpose<br>11 https://www.conagrabrands.com/citizenship-reports/conagra-brands-citizenship-report-2023, p.21</p>
<p>12 https://www.campbellsoupcompany.com/wp-content/uploads/2023/06/2023-IPM-Reporting.pdf<br>13 https://esg.lambweston.com/lambweston-2023-esg.pdf, p.7</p>

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<h3>Lead Filer</h3>
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<div class=”views-field views-field-nothing”><span class=”field-content”> Caroline Boden</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Mercy Investment Services</span></div>
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<strong>Company:</strong>
<p>Becton Dickinson and Company</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Corporate Governance </p>
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<strong>Focus Area:</strong>
<p>Independent Board Chairs </p>
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<strong>Status:</strong>
<p>Withdrawn</p>
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<h2>Resolution Text</h2>
<p>Shareholders request that the Board of Directors adopt an enduring policy, and amend the governing documents as necessary in order that 2 separate people hold the office of the Chairman and the office of the CEO as follows:<br> <br>Selection of the Chairman of the Board the Board requires the separation of the offices of the Chairman of the Board and the Chief Executive Officer. <br> <br>Whenever possible, the Chairman of the Board shall be an Independent Director.<br> <br>The Board has the discretion to select a Temporary Chairman of the Board who is not an Independent Director to serve while the Board is seeking an Independent Chairman of the Board on an accelerated basis. This policy could be phased in when there is a contract renewal for our current CEO or for the next CEO transition.<br><br>It is good to adopt this proposal now in particular because Becton, Dickinson stock has been lackluster since its $274 price in 2020.<br> <br>A lead director is no substitute for an independent board chairman. A lead director cannot call a special shareholder meeting and cannot even call a special meeting of the board. A lead director can delegate most of his lead director duties to others and then simply rubber-stamp it. There is no way shareholders can be sure of what goes on.</p>
<p> <br>With the current CEO serving as Chair this means giving up a substantial check and balance safeguard that can only occur with an independent Board Chairman. </p>

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Right to Cure Purported Nomination Defects