Plus, Hollywood strikes and CA emissions legislation ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[Image alt text: As You Sow® banner with logo, image of mountains and a lake, and text saying: The nation’s leading non-profit shareholder advocate, with a 30+ year track record of changing corporations for good] < [link removed] > Dear John,

As the seasons change, we’re seeing the world change faster than ever before. Thanks to this community, the role of shareholder advocacy continues to grow in the struggle for lower greenhouse gas emissions, wage justice, and dozens more areas where corporations can and must be a part of creating a future we can believe in.

[Image alt text: 2023 As You Sow shareholder advocacy statistics: 111 shareholder resolutions files, 210 engagements, 23% vote in support] < [link removed] >

2023 Shareholder Impact Review: Changing Corporations for Good

As You Sow conducted 210 corporate engagements in the 2023 proxy season, escalated 111 from dialogue to formal shareholder resolutions, and voluntarily withdrew nearly half of those resolutions in recognition of substantive progress by the corporation. Overall, 75% of companies we engaged took action! It is with immense gratitude to YOU – share authorizers, donors, supporters, colleagues, and community – that we offer this summary.

This year’s engagements spanned a range of issues including climate change, DEI, racial justice, ocean plastics, retirement plan climate risk, reproductive health, petrochemicals, water use, antibiotics use in factory farming, pesticides, forever chemicals, and political spending.

This year, we asked more of companies. For example, our resolution with Bank of America asked for a climate transition plan, not just emission disclosures or targets. See the full report. < [link removed] >

[Image alt text: Factory releasing vapors into the sky, California]

CA Emissions Disclosure Legislation Would Ensure Critical Climate Reporting and Transparency

In September, the California State Legislature passed SB 253, which requires Scope 1, 2, and 3 emissions disclosures from all companies operating in CA with more than $1B in revenue.

Danielle Fugere, President of As You Sow, said, “Clear and standardized reporting of GHG emissions is the bedrock of sound investor decision-making on climate risk. The passage of SB 253 is yet another signal that full-Scope 1-3 emissions reporting is the new norm, not the exception.”

Shareholders recognize climate change as a material risk and have been actively seeking information from companies on their full Scope 1-3 emissions. As You Sow filed shareholder resolutions urging such disclosure with 24 companies in 2023.

[Image alt text: Picket sign saying "Writers Guild on Strike: I have no words"] < [link removed] >

Hollywood Strikes: A Reckoning for Excessive Executive Compensation

Writers and actors risked it all to fight for better pay, for a more secure future, and against the astronomical pay of Hollywood CEOs. These strikes, now partially resolved, and followed by United Autoworkers of America (UAW), are the newest, and arguably most public, reckoning for exorbitant CEO pay and the growing wealth gap.

As You Sow’s annual The 100 Most Overpaid CEOs < [link removed] > report clearly shows that excessive executive compensation negatively affects companies, workers, shareholders, and customers – and entertainment company CEOs are among the most overpaid CEOs.

As You Sow has published The 100 Most Overpaid CEOs < [link removed] > for nine years. Every year, entertainment company CEOs are high on the list. In fact, Discovery and Disney are the only two companies that have been in the 100 most overpaid CEOs list every year.Your support for As You Sow is critical to driving key victories that make lasting, positive change in environmental and social justice a reality. Our ambitious mission is only achievable thanks to the support of passionate, dedicated, and generous people like you.

Donate now < [link removed] > to help meet the moment and ensure As You Sow’s work continues to expand.

Thank you for helping drive progress with us, [Image alt text: Photo of Jenna Belisle] Jenna L. Belisle

Director of Individual Giving

Donate < [link removed] >

As You Sow’s30+ year track record promoting corporate responsibility spans a broad range of the most important environmental and social issues facing corporations, investors, and citizens today, including climate change, ocean plastics, pesticides, racial justice, workplace diversity, and executive compensation. < [link removed] > < [link removed] > < [link removed] > < [link removed] >

As You Sow

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DISCLAIMER: As You Sow is not an investment advisor, nor do we provide financial planning, legal or tax advice.The content of our programming, publications and presentations is provided for informational and educational purposes only, and should not be considered as information sufficient upon which to base any decisions on investing, purchases, sales, trades, or any other investment transactions. We do not express an opinion on the future or expected value of any security or other interest and do not explicitly or implicitly recommend or suggest an investment strategy of any kind.

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