The article in the url below indicates an increased willingness on the part of large firms to engage NGOs and other activist shareholders on issues related to the environment (Issues: Stakeholder Relations, p138; NGO and Corporate Cooperation, p192):
"Of 57 [climate change-related shareholder] resolutions filed by a range of socially concerned investors, almost half were withdrawn after companies ranging from Continental Airlines to El Paso made commitments on setting targets for reducing greenhouse gas emissions and other issues."
The article also claims that support among shareholders, in general, for the resolutions that went to a vote is also increasing, putting greater pressure on those firms still resisting change:
"... the 24 resolutions that went to a vote secured a record high average of voting support of 23 per cent, up from just over 17 per cent for the resolution votes two years ago."
Take care
Dave
Bill Werther & David Chandler
Strategic Corporate Social Responsibility
© Sage Publications, 2006
Climate resolutions 'having big impact'
By Jonathan Birchall in New York
414 words
21 August 2008
Financial Times
London Ed2
19
http://www.ft.com/cms/s/0/8ddcc100-6f17-11dd-a80a-0000779fd18c.html
