Bed Bath & Beyond |
| Issue |
Action |
Role |
| Energy Efficiency / Climate Change |
2006: Sought a report on corporate-wide energy efficiency programs
2007: Seeking a report on company’s response to climate change pressures |
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2006: Resolution
2007: Resolution |
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2006: Lead filer
2007: Lead filer |
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| Comments: |
| As a member of the Global Warming Shareholder Campaign, Sierra Club Funds have been involved in the Buildings Working Group that focuses on homebuilders, retail, hotels and REITs. In 2006, we were joined by Calvert and the State of VT as co-filers and the resolution received 28% of the vote. In 2007, we’ve been joined by Calvert and Nathan Cummings.
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Bed Bath & Beyond |
| Issue |
Action |
Role |
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| Comments: |
| Unable to join as co-filer to the As You Sow 2007 resolution, due to our filing of a climate change resolution for same proxy ballot.
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Scholastic, Inc. |
| Issue |
Action |
Role |
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| Comments: |
| Sierra Club Funds worked with As You Sow and the Rainforest Alliance to pressure Scholastic into using FSC-certified paper products, in conjunction with the Spring 07 release of final book in Harry Potter series. In March 2007, Scholastic announced that all 12 million copies of the U.S. edition of Harry Potter and the Deathly Hallows will be printed on paper that contains a minimum of 30% post-consumer waste (pcw) fiber. Moreover, 65% of the 16,700 tons of paper used in the U.S. first printing will be certified by the Forest Stewardship Council (FSC), the global standard-setter for responsible forest management. This historic commitment is the largest purchase of FSC certified paper to be used in the printing of a single book title. In addition, the company announced that the deluxe edition of the book (100,000 copies) will be printed on text paper that is FSC certified and contains 100% post-consumer waste fiber. All jackets will be FSC certified and contain 30% post consumer waste and will be manufactured using energy generated from wind power. For future printings of all books in the Harry Potter series, Scholastic plans to use paper with a minimum content of 30% post-consumer waste and that is FSC certified when available.
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Walgreens, Inc. |
| Issue |
Action |
Role |
| Toxics in Cosmetics/Personal Care Products |
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| Comments: |
| Working with the Investor Environmental Health Network, Sierra Club Funds were the lead filer on the resolution. Though the company successfully challenged the resolution at the SEC, an ongoing framework for dialogue has been established. The strategic NGO partner is the Breast Cancer Fund and the Campaign for Safe Cosmetics.
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Home Builders |
| Issue |
Action |
Role |
| Survey to Benchmark Corporate Performance |
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| Letter requesting companies to complete ESG survey |
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| Comments: |
| As part of the Responsible Property Investing Coalition, Sierra Club Funds signed onto a letter drafted by Calvert and the Institute for Responsible Investment which was sent to the 13 largest publicly-traded homebuilders in the US. They survey addresses key sustainability metrics such as energy efficiency, land use, stakeholder consultation, and affordability of homes.
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Apple, Inc. |
| Issue |
Action |
Role |
| Corporate Take Back and Recycling/Toxic Product Components |
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2006: AGM statement
2007: Letter to Steve Jobs |
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| Comments: |
| Prepared statement in support of As You Sow’s resolution for 2006 AGM. Strategizing with AYS for 2007 resolution on take back and recycling, along with Trillium/Sanford Lewis on a separate 2007 resolution addressing toxics.
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Texas Instruments |
| Issue |
Action |
Role |
| PVC in Packaging and Plans for Phase-out |
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| Comments: |
| NGO partner is the PVC Campaign. We were joined by Boston Common Asset Mgmt. as co-signer.
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Whole Foods Market |
| Issue |
Action |
Role |
| Report on Energy Efficiency |
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2006: Resolution/Dialogue
2007: Resolution |
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2006: Lead filer
2007: Co-filer |
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| Comments: |
| We are seeking a report/dialogue on corporate energy efficiency efforts. We had a very brief, unproductive dialogue following the filing of the 2006 resolution which received ~ 9% affirmative vote. New England Friends assumed the lead role for 2007 filing, joined by Sierra Club Funds and Catholic Healthcare West and the 2007 resolution received support from nearly 11% of the votes cast.
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