From Danny Auron, SumOfUs <[email protected]>
Subject Buying one of the worst companies.
Date November 30, 2022 7:46 AM
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[ [link removed] ]An amusing portrait of a group of orangutans, including two mothers
with their young child, enjoying a snack of sunflower seeds.

John,

We've been so successful using shareholder action to get companies to
change their bad behaviour...that they're trying to shut the whole program
down!

After a SumOfUs shareholder resolution helped force Apple to publish its
first-ever human rights policy, the US stock regulator made a new rule --
anyone who wants to bring this kind of resolution will need to hold
thousands of shares...and companies are setting VERY early deadlines to
buy them!

They're trying to silence everyone but the richest shareholders. But
John, we can beat them at their own game.

We already bought shares in giants like Apple, Nestle, and Bayer
Monsanto. Now if 5000 people reading this email chip in the cost of a
coffee, SumOfUs can buy enough shares in Procter & Gamble to have our say
at its AGM, ratcheting up the pressure over rampant deforestation and
human rights abuses in its palm oil supply chain -- they just got an "F"
rating from a major report!

For the next 24 hours, we will use everything you give to generate
matching donations from big funders, doubling your impact -- can you join
in to buy a piece of Procter & Gamble?



[ [link removed] ]Donate
$3[ [link removed] ]Donate
another amount



Shareholder advocacy used to be straightforward -- a SumOfUs member with
stocks would just sign a letter, get a letter from their broker, and our
community could file a co-resolution to be debated at Annual General
Meetings.

And we had incredible success, not only with Apple's human rights policy.
We also helped get Pepsi committed to sustainably-sourced palm oil...And
more! We need to do the same with P&G.

But now the US stock authority is rigging the rules to favour big-dollar
shareholders, adding time-consuming and arduous rules: increasing the
minimum number of shares, increasing how long you have to hold the shares,
and requiring that co-filers like SumOfUs provide a list of times they can
meet with the corporation to discuss their resolution.

It's a lot to ask. But the good news is it means our strategy is working.
And there's a simple solution: bring our community together to buy stocks
in some of the biggest corporations to keep achieving real-world change.
We started with Apple, and bought Google, Facebook, and Nestle stock too.
Now it's time for P&G to see what we can do. Can you help finally hold
this corporate giants to account for its planet destroying practices?
(Remember, your donation will be used to get matching donations!)



[ [link removed] ]Donate
$3[ [link removed] ]Donate
another amount





  Thanks for all that you do,  
Danny and the SumOfUs team



---------------------------------

More information:

[ [link removed] ]Report: Consumer Goods Companies Caught Driving Illegal Climate
Disaster for Palm Oil, Rainforest Action Network, 19 September 2022. 

[ [link removed] ]SEC Adopts Amendments to Modernize Shareholder Proposal Rule, SEC, 23
September 2020.

 

SumOfUs is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.

Please help keep SumOfUs strong by chipping in $3. [link removed]
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