The non-profit groups Ceres and the Interfaith Center on Corporate Responsibility recently issued a report concluding that shareholder resolutions on the issue of climate change are increasing in frequency and success. According to the report, 68 climate-related shareholder resolutions were filed during the 2009 proxy season. One of these resolutions by shareholders of the Idaho energy company IDACORP was the first to be approved by a majority vote – 51.2%. IDACORP has now promised to adopt GHG emissionreduction targets and is cooperating with a shareholder advisory group to identify potential renewable energy pilot projects.
For further information, please see “Investors Achieve Major Company Commitments on Climate Change.”