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Environmental Sustainability
Responsible corporations must take into consideration the impact of their operations and conduct their business in an environmentally sustainable manner.
We will support resolutions that encourage a corporation to adopt the practices of sustainability and good governance. For example, many corporations are now reporting that they recycle beverage containers and printer paper.
Decreasing environmental impact does not end at procurement of post-consumer paper. Examples of other resolutions that would advance environmental business sustainability include: |
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Specific requests to research alternative production methods |
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Proposals to evaluate ways to increase environmental efficiency of internal operations (e.g. through resource reuse or better waste management) |
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The implementation of procurement policies that favor sustainable practices (e.g. phase-out use of old-growth forest timber or increased energy efficiency with alternative energy use) |
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Initiatives to require raw resource suppliers to obtain third-party accreditation (e.g. Organic Crop Improvement Association or Forest Stewardship Council) |
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Construction of new facilities that incorporate green building standards |
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Proposals to require the company to subscribe to the Coalition For Environmentally Responsible Economies (CERES) principles |
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The Security and Exchange Commission requires that publicly traded companies disclose in their annual 10K securities filings any environmental liabilities that pose a financial risk. We think that this disclosure is not sufficient to account for the environmental costs of corporate operations. We will support resolutions to increase the depth and scope of environmental impact disclosure to shareholders (see Proxy Voting Guidelines: Shareholder Proposed Resolutions for more information) to include information on: |
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occurrences of high or bioaccumulation toxicity of production by-product, such as air/water emissions or agricultural run-off |
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liability and remediation of hazardous waste or ground water contamination. |
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