Climate-related shareholder proposals were filed at 36 companies this year by a group of institutional investors seeking more disclosure on the companies' responses and strategies regarding global warming and other climate issues, according to a news release today from the group, which includes North Carolina state Treasurer Richard Moore, who oversees $70 billion in state pension assets.
While members of the group filed 42 climate-related proposals, they targeted 10 companies as leaders of their industries that have been "particularly unresponsive" to investors' calls for more disclosure, Chris Fox, director of investor programs at Ceres, said in an interview. Ceres is a coalition of pension funds and other institutional investors concerned with climate issues. At the other companies, "there is more of a dialogue under way," Mr. Fox added.
"Acknowledging the business risks posed by climate change is just good business, and shareholders demand it," Mr. Moore said in the statement. The North Carolina treasurer's office is a member of Ceres. The North Carolina Retirement System submitted a proposal on the climate disclosure to ConocoPhillips, also listed among the 10 companies targeted. A ConocoPhillips media representative couldn't be reached for comment.