Activist investors secure early wins in reducing plastic use among major corporations like Disney and Hormel, spotlighting the growing influence of shareholder advocacy on environmental practices.
Shareholder groups have persuaded companies to commit to more transparent reporting and reduction of plastic usage, emphasizing the impact of single-use plastics on their financial health.
Notable companies, including Disney and Hormel, have made significant commitments towards reducing their plastic footprint in response to shareholder advocacy.
The strategies include negotiating for environmental concessions before shareholder resolutions are voted on, showcasing a preference for dialogue over confrontation.
Key quote:
“It’s unnerving investors.”
— Douglass Guernsey, shareholder advocate at Green Century Capital Management
The Securities & Exchange Commission has more Trump appointees now, and energy and utility companies see an ally as they try to stop investors' climate resolutions.
