A Bumper Crop of Green Proposals
Shareholder proposals urging companies to tackle issues of climate change and sustainability gained ground during the 2008 proxy season that's now coming to a conclusion, says Meg Voorhes, head of environmental, social, and governance research at RiskMetrics Group (RMG) in Washington, D.C. But the groups making the proposals were largely religious groups, pension funds, and socially responsible investment firms, not environmental groups, she says. That's surprising: Obviously, they're not environmental groups, but they're pushing an environmental agenda. Here are edited excerpts from a conversation:
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