Climate activists find warmer reception at shareholder meetings [Reuters (UK)]
Yum! Brands, Inc. (YUM)
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Source: Reuters
Climate activists find warmer reception at shareholder meetings - Reuters 4 Min Read BOSTON (Reuters) - Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the case for proxy rule changes sought by business groups. Of the 145 climate-related proposals filed for this year’s springtime annual meeting season, 39 percent led to deals and were withdrawn, according to Ceres, a Boston-based advocacy group that coordinates and tracks the resolutions. Last year the rate was 36 percent, and 21 percent in 2015. For instance restaurant parent Yum! Brands Inc ( YUM.N ) in April agreed to track its emissions and to identify ways to reduce them, leading activists to withdraw a shareholder proposal before a shareholder vote, a company spokeswoman confirmed. Executives are more inclined to compromise as extreme weather shows the impact of climate change, said
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